Ford stopped shipping its SUVs, pick-up trucks and sports cars to China in light of the tariffs slapped by the US against China, Reuters reported Friday.
Among the models affected by the halt include Ford's F-150 Raptors, Mustangs, Bronco SUVs, and Lincoln Navigators, the report said.
Ford's China-made Lincoln Nautilus model will still be shipped out of the country despite hefty tariffs, the report said.
The company is among the auto manufacturers best-placed to handle tariffs as four-fifths of its US-bound inventory is produced domestically, Reuters said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.