Ford prides itself on making most of its vehicles in the U.S. But the carmaker says the Trump administration’s latest trade deals have put it at a disadvantage to foreign rivals, reports Sharon Terlep.

A seductive idea is settling in that America is winning from all this. The president has, after all, got his biggest trading partners to make deals that are closer to his demands than theirs. Financial markets have shrugged off higher duties,

President Trump’s sweeping 2025 tariff campaign has lifted the average U.S. import tax rate to 18.2%, the highest since 1934, according to the BBC. Monthly tariff revenues tripled to $28 billion by June,