Ford President and CEO Mark Fields, along with the CEOs of General Motors and Fiat Chrysler Automobiles, will meet with US President Donald Trump at the White House on Tuesday morning to discuss job creation. The Detroit Free Press reports that no agenda for the meeting has been announced yet, although White House Press Secretary Sean Spicer said that the meeting is intended to strategize on how “to bring more jobs back to the industry.”
Job migration out of the country – especially within the automotive sector – was a key talking point during Donald Trump’s presidential campaign. As a candidate, Trump repeatedly blasted automakers like Ford for making investments in production in NAFTA member nation Mexico. The president threatened Ford with a 35% import tax on all parts and vehicles manufactured in Mexico for the US market, and promises to renegotiate the trilateral trade agreement to secure a better deal for the United States.
Ford was at the White House today for a meeting between Donald Trump and the leaders of major corporations – including Dow Chemical and Whirlpool – where the new president promised to make good on other campaign promises to cut “taxes massively for both the middle class and for companies. And that’s massively. We’re trying to get it down to anywhere from 15% to 20%.” He reportedly told the business leaders: “We think we can cut regulations by 75%. Maybe more,” while the remaining regulations will be “just as strong and just as good and just as protective of the people.”