Ford Motor Company ( F ) has experienced significant fluctuations in its share price related to tariff announcements in recent months. Ford shares are falling again Thursday as auto tariffs go into effect.

A Look Back: In February, President Donald Trump imposed a 25% tariff on imports from Canada and Mexico and a 10% tariff on Chinese goods. The tariffs on Canada and Mexico were temporarily reversed following negotiations.

By early March, the Trump administration signaled that the 25% tariff on Canada and Mexico would be reinstated, and Chinese imports would face an additional 10% tariff.

After discussions with executives from Ford, General Motors Company ( GM ) and Stellantis N.V. ( STLA ) , Trump allowed for a temporary exemption for United States-Mexico-Canada Agreement (USMCA)-compliant goods.

What’s Going On: A 25% tariff on all imported vehicles and key parts went into effect on Thursday. Vehicles compliant with the USMCA are only subject to tariffs on foreign-sourced parts used in manufacturing. At the same time, Trump has introduced a broad set of reciprocal tariffs targeting several countries.

Ford's stock has faced significant volatility in recent months, with investors struggling to predict the Trump administration's next moves. The recent implementation of tariffs is expected to raise costs for Ford, which could squeeze profit margins and potentially lead to higher prices for consumers.

See Also: What’s Going On With RH Shares Thursday?

F Price Action: At the time of publication, Ford shares were down 4.29% at $9.71, according to data from Benzinga Pro.

Image via Shutterstock