Ford Ceo Calls for ‘Comprehensive’ Tariff Analysis for All Countries

Detroit – Ford Motor Ceo jim farley on wedding if the Trump Administration is Going to Implement Tariffs Affecting The Automotive Industry, It Should Take a “Compressive” look at all countesses.

Farley singled out Toyota Motor and Hyundai Motor for Importing Hundreds of Thousands of Vehicles Annually from Japan and South koreaRespatively, that have been little to no duties compared with the 25% tariff president donald trump Has Threatened Imposing on Canada and Mexico,

“There are millions of vehicles coming into our country that are not being applied to these (Incremental tarifs),” Farley said during the company’s fourth -Quarter earnings Call with Investors. “So if we’re going to have a tariff policy … it better be comprehensive for our industry.

“We can’t just cherry pick one place or the other trust this is a bonnaza for our import competitors.”

Farley’s comments Follow Trump Implementing A 10% additional tariff on goods from Chinawhich include automobiles, and ongoing negotiations with canada and mexico regarding 25% Levies on Imports from from that Countries to the Us

For years, Ford has touted its investments in the us, as well as having the most American works of any automakers, even as it is considered a disadvantage to its business.

Globaldata Reports 46.6% of all vehicles in the us last year wenar was produced outside of the country. South korea, at 8.6%, And Japan, at 8.2%, Rank Second and Third in Vehicle Imports, Only Trailing Mexico, At 16.2%, Globaldata Reports.

Cars Imported from South Korea Currently Have No Tariffs, While there important from Japan are Subject to 2.5% Duties. Truck Imports for the Countries Are 25%.

Aside from Hyundai and Its Sibling Company Kia, General motors Annually Imports Hundreds of Thousands of Vehicles Tariff-FREE from South Korea.

Nissan motor and Honda MotorAlong with Smaller Carmakers Such as SUBARU, also important vehicles from Japan, Along with Toyota.