News brief

Ford raises prices on some models. Ford Motor is hiking prices this month on three of its Mexico-produced models, becoming one of the first major automakers to adjust sticker prices following President Donald Trump’s tariffs. Prices on the Mustang Mach-E electric SUV, Maverick pickup, and Bronco Sport will increase by as much as $2,000 on some models, according to a notice sent to dealers reviewed by Reuters. A Ford spokesperson said the price hikes will affect vehicles built after May 2, which would arrive at dealer lots in late June. Mr. Trump’s tariffs have unleashed uncertainty across the auto sector.

Empty shelves? Tariffs are about to hit US shoppers in a variety of ways.

Last month, we reported how some shoppers stocked up before tariffs inflated prices.