Ford CEO Jim Farley did not mince words with Wall Street on Tuesday, describing the impact from a lasting 25% tariff as being "devastating."

Ford Motor CEO Jim Farley said U.S. President Donald Trump's proposed and implemented tariffs have added "a lot of cost and a lot of chaos," although Farley said he believes the president aims to strengthen the American auto industry overall.

A 25% tariff on Mexico and Canada would 'blow a hole in the US auto industry,' Jim Farley says, while giving South Korean, Japanese, and European countries an easy leg up.

Ford Chief Executive Jim Farley said the threat of tariffs and other policy changes emanating from Washington, D.C., have resulted in chaos for the auto industry. While the Trump administration’s bid to spark more domestic manufacturing holds promise,

Ford's CEO Jim Farley says that the introduction of tariffs will add cost and cause chaos in the American auto industry

While Trump has spoken about the priority of strengthening manufacturing in the United States, the administration thus far has been the source of tremendous “policy uncertainty” with constantly evolving tariff plans and a lack of clarity whether tax credits favoring EVs will be rolled back, he said.

Ford CEO Jim Farley did not mince words when he said Trump's tariff policy is causing concern and chaos amongst automakers.

President Donald Trump’s tariffs are adding “a lot of cost and a lot of chaos” to the auto industry, Ford (F) CEO Jim Farley said Tuesday.