Ford's vehicle prices could rise this summer if 25% auto tariffs remain in place, the company said in a memo to dealers.

Ford is warning its dealers that tariffs will likely raise prices in the coming months, the latest impact the import taxes will have on Americans’ finances.

A memo to dealers said Ford was still working to understand the policy's effects but believes “certain tariffs are likely to remain in place for at least some time.” Trump's 25 percent auto tariffs have spurred a broad range of reactions from automakers,

President Donald Trump has repeatedly touted what he calls the return of manufacturing to the United States, hailing companies that have vowed to pour large amounts of money into making everything from computer chips to cars in America.

Rivian's CEO has previously said that potential inflation brought on by tariffs is a major concern.  American automakers are reeling after President Donald Trump imposed a 25% tariff on vehicles and parts imported from Mexico and Canada.