Dionysis Partsinevelos
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Back in 2024, on May 14, Mad Money’s Jim Cramer reacted to Biden’s 100% tariff on Chinese electric vehicles at the time, framing it as a major protective measure for U.S. automakers. He argued that Ford Motor Company (NYSE:F), long viewed as vulnerable to low-cost Chinese EVs, was a clear beneficiary back then:
"The biggest winners though will be the American automakers. There’s a widespread belief that our car companies are going to be roadkill once China’s auto industry gets here. We got that from — who? None other than the automakers themselves, especially Ford’s executive chairman Bill Ford. He’s been the most adamant about the existential threat of government-subsidized competition from the PRC […]
Cramer’s call was incorrect, as Ford’s stock declined 14.39% over the past year, due to the tariff risks that automakers face.
Ford Motor Company (NYSE:F) is one of the largest U.S. automakers, producing combustion engine, hybrid, and electric vehicles under the Ford and Lincoln brands. Cramer recently compared its position to that of its competitor, General Motors, saying:
“You know, listen, Phil, you had an amazing interview with Mary Barra, I’ve got to ask you, it looks like that Ford has an edge on GM. When it comes to what’s going on. In terms of tariffs. Because I think that Jim Farley for whatever reason makes much more in pure America than GM does. [Phil agreed]”
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