The Globe and Mail reports in its Wednesday edition that Ford Motor chief executive officer James Farley says U.S. tariffs on Canadian and Mexican imports will devastate the U.S. automaking industry. The Globe's Eric Atkins writes that Mr. Farley says Mr. Trump's tariffs are creating "cost and chaos" for Ford, which is a major buyer of steel and aluminum. He says: "Let's be real honest, long term, a 25-per-cent tariff across the Mexico and Canadian border would blow a hole in the U.S. industry that we have never seen. ... And it frankly, gives free rein to South Korean and Japanese and European companies that are bringing 1.5 million to two million vehicles into the U.S. that would not be subject to those Mexican and Canadian tariffs. It would be one of the biggest windfalls for those companies ever." Ford executives have joined a growing chorus of business leaders in North America who warn the tariffs favoured by Mr. Trump would cause inflation and job losses. AutoForecast Solutions' Joe McCabe believes that potential tariffs on autos and parts will not immediately threaten Canadian auto plants. However, they will likely steer new automaker investments toward U.S. factories instead of those in Canada or Mexico.