Ford’s CEO Mark Fields cautions Trump’s 35% car tariff will have a huge impact

by SpeedLux
Mark Fields

Ford Motors CEO Mark Fields stated on Tuesday that a 35% tariff on vehicles including trucks imported from Mexico– a concept provided by President-elect Donald Trump— would have a substantial effect on the entire U.S. economy.

Fields, who provided the keynote speech at the Los Angeles Auto Show on Tuesday early morning, discussed Donald Trump for the very first time in public since Trump was elected to become the next president of the country.

During the presidential campaign, Trump criticized Ford for deciding to move the production of small vehicles from the U.S. to Mexico, resulting in a feud between the candidate and the car manufacturer. Trump likewise guaranteed to bring manufacturing tasks back to the United States and has spoken about enforcing a 35% tariff on automobiles developed in Mexico.

“A tariff like that would be imposed on the entire automobile sector, and that could have a huge impact on the U.S. economy,” Fields informed.

In September, Fields appeared on CNN to inform that none of the jobs would be lost in the U.S. as it relocates production of the Ford Focus and C-Max hybrids to Mexico.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More