Ford Motor Co. 13, 2023.
Rebecca Cook | Reuters
Detroit – Ford electric motor CEO Jim Farley said Wednesday that if the Trump administration will impose tariffs that affect the automotive industry, it should be viewed “full” in all countries.
Farley South KoreaCompared to 25% tariff President Donald Trump Threats to impose on Canada and Mexico.
“Millions of vehicles are entering our country (not applicable to tariffs),” Farley said on the company’s fourth-quarter earnings call with investors. “So if we’re going to put in a tariff policy… it’s better to Our industry is comprehensive and comprehensive.
“We can’t just choose one place or another because this is a scam from our import competitors.”
Farley’s comments follow Trump’s implementation 10% additional tariffs from Chinese goodswhich includes cars and negotiations with Canada and Mexico on a 25% tax on imports from these countries to the United States
Ford touted its investment in the U.S. for years and owns the most American worker among any automaker, even if it is bad for its business.
GlobalData reports that 46.6% of all vehicles sold in the U.S. last year were produced outside the country. South Korea, 8.6%, According to GlobalData, Japan is 8.2%, ranking second and third in vehicle imports, and only 16.2% behind Mexico.
Currently, there is no tariff on cars imported from South Korea, while cars imported from Japan bear a tariff of 2.5%. These countries import 25% of trucks.
In addition to the Kia of Hyundai and its siblings, General motor There is no tariff on importing hundreds of thousands of cars from South Korea every year.
Nissan Engine and Hondaand smaller automakers like Subaru, also import vehicles from Japan as well as Toyota cars.
