Ford Motor Co. is boosting sticker prices on models it builds in Mexico by as much as $2,000 even after its top executive said it would hold the line on pricing to see how rivals would react to President Donald Trump’s 25% auto tariffs.

The increases are effective since Friday and affect newly built Maverick small pickups, Bronco Sport compact sport-utility vehicles and the electric Mustang Mach-E, according to a company memo to dealers seen by Bloomberg News.

A Ford spokesman confirmed the increases, saying they reflect a combination of typical midyear pricing adjustments and some impact from tariffs. Ford has not passed on the full cost of tariffs to customers, and vehicles currently in dealer inventory won’t be affected, the spokesman said.

Trump eased the impact of his tariffs on automakers recently to give them more time to move production to the U.S. The president has also shielded auto parts made in Mexico and Canada that are compliant with the trade agreement the U.S. has with those countries.

Rivian expects deliveries to fall

Rivian Automotive in Irvine said full-year deliveries will decline more sharply than it anticipated just a month ago, citing risks that President Donald Trump’s trade war will further dampen demand for pricey EVs.

The company now expects to sell 40,000 to 46,000 battery-powered pickups, SUVs and delivery vans this year, it said Tuesday while reporting first-quarter results. That’s down from as many as 51,000 under its prior forecast, which it reaffirmed in early April.

Still, the company expects to achieve a modest full-year gross profit. Reducing its sales outlook shows how Trump’s trade policies and related economic worries risk worsening an existing slowdown in EV demand.

Rivian’s earlier guidance had factored in potential impacts from changes to trade and other policies, but Trump has since imposed a flurry of tariffs on U.S. trading partners and a 25% duty on imported vehicles and parts.

Trump: ‘No’ to lowering China tariffs

President Donald Trump said he’s unwilling to preemptively lower tariffs on China in order to unlock more substantive negotiations with Beijing on trade.

“No,” Trump said Wednesday when asked by a reporter if he is open to pulling back his 145% duties on Chinese imports to get the world’s second-largest economy to the negotiating table.

The president’s comments come before Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer meet this week in Switzerland with Chinese Vice Premier He Lifeng on trade.

Trump spoke at a swearing-in ceremony for his ambassador to China, David Perdu

500 jobs cuts coming to Crowdstrike

CrowdStrike Holdings is cutting about 500 jobs, representing about 5% of its global workforce, as it works toward a goal of generating $10 billion in annual recurring revenue.

The Austin, Texas-based cybersecurity software firm expects about $36 million to $53 million in charges from the plan, with the bulk of that covering severance, employee benefits and related costs, the company said in a filing released early Wednesday.

The company expects its financial results in the fiscal first quarter ended April 30 to be in line with or above the guidance issued on March 4.

Compiled from Bloomberg reports.