Ford Motor Co. Jim Farley gives Thumbs Up Song before announcing Ford Motor Will Partnership with Chinese Antrex technology, to build an electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023.
Rebecca Cook Reuters
Detroit – Ford Motor CEO Jim Farley said on Wednesday if the Trump administration will implement the definitions that affect the auto industry, then you must take a “comprehensive” look at all countries.
Farley Toyota Motor and Hyundai engine allocated to import hundreds of thousands of vehicles annually from Japan South KoreaRespectively, it has no few duties or non -duties compared to the head of the tariff by 25 % Donald Trump He threatened to impose Canada and Mexico.
“There are millions of vehicles coming to our country that are not applied to these (additional definitions),” Farley said during the company's fourth -quarter profit call with investors. “So if we have a tariff policy … it is better to be comprehensive for our industry.
“We can not only choose one or another place because this is a reward for our import competitors.”
Farley comments follow Trump implementing a 10 % additional tariffs on goods from ChinaWhich includes cars and ongoing negotiations with Canada and Mexico in relation to 25 % on imports from those countries to the United States
For years, Ford described its investments in the United States, as well as the possession of most American workers in any car manufacturer, even because it is a defect in its business.
Globaldata reports 46.6 % of all vehicles sold in the United States last year were produced outside the country. South Korea, 8.6 %, Japan, by 8.2 %, ranks second and third in vehicle imports, and is only 16.2 %, according to Globaldata reports.
Cars imported from South Korea currently does not have a tariff, while those imported from Japan are subject to 2.5 %. Trucks imports for countries 25 %.
Regardless of Hyundai and her brother Kia, General Motors It imports a noticeable amount of vehicles free of tariffs from South Korea.
Nissan engine and Honda MotorAlong with smaller car makers such as Subaru, importing vehicles from Japan, along with Toyota.
