One of the important differences between the first and second state of Donald Trump is the amount of extreme satisfaction and companies that bend in the knee, it seems that America is ready to do it in response to his standard behavior. But at least one of the American CEOs began to break the pressure of the Trump tariff system: Jim Ferley, Ford CEO Ho Warning bells ringing For American auto companies, a warning that imminent sanctions on imports will severely pressure this industry.
During his talk at the Wolf Research Conference in New York on Tuesday, Farley He said Trump’s policies so far led to “a lot of cost and a lot of chaos.” Trump has repeatedly talked about the auto industry, as he went to the extent of the claim that he “saved it” during it during Opening titleBut Farli warned that he might end up with the tanks: “Let’s be honest, in the long run, a 25 % tariff in Mexico and the Canadian borders will explode a hole in the United States industry that we have not seen before.”
Farley also indicated during his appearance at the conference, the definitions have a double effect on American vehicles. First, it strikes the car manufacturer that imports materials, which will definitely preserve them
Passing for consumers. But this also means that competing manufacturers, including Korean, Japanese and European companies, will not be subject to the same costs, allowing them to be more competitive in prices. “One of the biggest surprises for these companies will be.”
This is the change in the pace of Farali, which before Trump seemed to take office, and I am sure that things would be great. Ford
A million dollars donated in addition to some vehicles To Trump’s inauguration to drink wheels, Farley ignored Trump’s tariff threats in December when they were just a theoretical threat. “After 120 years, we are experienced in changing politics”, ”
He said at that timeInsisting on “Ford is a very good position” to overcome any storm.
Quickly forward to February and it turned out that the storm was worse than Farley expected. And he warned that his company is likely
Looking at some of the main workers’ demobilization If Trump’s tariff becomes into force and said the effect will be “devastating” for the industry as a whole.
Other executives of car manufacturers are trying to keep their composure to the situation. At the same conference, General Motors Marie Para
He said Its company can reduce up to half of the new costs created by the customs tariff and the company “ready” for the following steps that may follow. But it seems that Farley is losing his calmness, and certainly will not be another Exec to start sweating publicly as Trump shows heat.
