Ford Motor Co., Executive Director Jim Farley gives a sign of a thumb before announcing a Ford Motor Partner will be a partner with Chinese, Amperex Technology, to build a plant for all electric vehicles in Marshall, Michigan, during a press conference in Romula, Michigan, February 13, 2023.
Rebecca Cook | Reuters
Detroit – Ford engine Executive director Jim Farley said on Wednesday that if Trump’s administration is implementing the tariffs that affect the automotive industry, it should take a “comprehensive” view of all countries.
Farley singled out the Toyota Motor and Hyundai engine to import hundreds of thousands of vehicles a year from Japan and South Koreathat is, who have little duties compared to the 25% Donald Trump tariff president threatened by imposing Canada and Mexico.
“Millions of vehicles that do not apply to them come to our country [incremental tariffs]”Farley said during a companies earnings in the fourth quarter with investors.” So, if we have a tariff politics … it is better to be comprehensive for our industry.
“We can’t just cherry choose one or the other, because this is Bonanza for our imports of imports.”
Farley’s comments follow Trump who implement a 10% additional tariff on goods from Chinainvolving cars and current negotiations with Canada and Mexico regarding 25% of the imports of imports from these countries in the USA
For years, Ford has advertised his investments in the United States, as well as to have the most American car workers, even if he is considered a lack of his business.
Globaldata reports that 46.6% of all vehicles sold in the United States were manufactured outside the country last year. South Korea, 8.6%, And Japan, 8.2%, ranked in second and third place in the import of vehicles, only lagging Mexico, with 16.2%, Globaldata reports.
Cars imported from South Korea do not currently have tariffs, while those imported from Japan are subjected to 2.5% duties. The import of trucks for countries is 25%.
Apart from Hyundai and his siblings Kia, Kia, General Motors Imports a significant amount of vehicle without tariff from South Korea.
Nissan engine and Honda engineTogether with smaller car manufacturers such as Subaru, they also import vehicles from Japan, along with Toyota.
