Ford Motor CEO Jim Farley met with U.S. lawmakers on Wednesday after raising concerns this week that 25% tariffs on Mexico and Canada would "blow a hole" in the U.S. auto industry.

But at least one major American executive is starting to crack under the pressure of the Trump tariff regimen: Ford CEO Jim Farley is ringing the alarm bells for the American automakers, warning that the impending penalties on imports are going to put a hard squeeze on the industry.

Now, just weeks into Trump’s second presidency, the leader of an iconic Detroit carmaker is warning that Trump policies could slam the industry, leading to layoffs and broader economic damage. During a Tuesday appearance in New York City,