On the surface, Ford (F) says it backs President Donald Trump and his tariff plan. "Ford supports the administration's goal to strengthen the U.S. economy by growing manufacturing, and we also support a level playing field globally for domestic and foreign original equipment manufacturers (OEM),

The automaker said its estimate of how much tariffs would hurt its finances include changes the company was making to reduce costs, including buying more parts and producing more vehicles in the United States. Excluding those measures, Ford expects tariffs to cost it $2.5 billion.

Ford Motor on Wednesday said it is raising prices on three models produced in Mexico, pointing to higher U.S. tariffs on imported vehicles as one reason for the adjustment. The vehicles subject to the price increases of up to $2,000 per model include the Maverick, Bronco Sport and Mach-E, Ford said in a statement to CBS News.