New Delhi, Feb. 11 -- Ford Motor Co. Chief Executive Officer Jim Farley said on Tuesday US President Donald Trump's proposed and implemented tariffs have added "a lot of cost and a lot of chaos."

He will travel to Washington on Wednesday to warn the Congress members that the 25% tariffs on Canada and Mexico would "blow a hole" in the US auto industry.

However, Farley said he believes President Donald Trump aims to strengthen the American auto industry overall.

The automaker is considering areas in which it can build up inventory to prepare for potential 25% tariffs on imports from Mexico and Canada, executives said at an analyst conference Tuesday, according to news agency Reuters report.

Speaking at a Wolfe Research automotive confer...