As Ford Authority reported yesterday, it’s unclear if automakers will face tariffs imposed by the Trump administration on imported goods from Mexico and Canada, which are currently slated to take effect on April 2th. The automotive industry most recently received a 30-day reprieve from those planned 25 percent tariffs, and now, President Donald Trump is reportedly mulling the idea of taking a more targeted approach that could exclude it this time around, too. Now. Ford Executive Chairman Bill Ford is among a group of executives set to meet with Trump as that deadline looms.
According to the Detroit Free Press, Ford will indeed be heading to Washington D.C. this week to meet with officials from the Trump administration, while General Motors CEO and Chair Mary Barra will also be having meetings with officials as well – though not necessarily in person. The goal of these meetings is to reportedly discuss the potential impacts that proposed tariffs would have on their respective business, if Trump decides to move forward with those levies.
Talks between Ford, General Motors, and Stellantis and the Trump administration regarding these potential tariffs are said to be “ongoing,” with regular meetings taking place in recent weeks. This report indicates that the Detroit Big Three are working to lay out the difficulties associated with changing supply chains and production plans on short notice, as well as express the negative impacts that those tariffs may have on the business and consumers in general.
As of now, it’s unclear if Trump will move forward with 25 percent automotive tariffs on Mexico and China, but Ford is taking steps to mitigate their potential impact, regardless, while Bill Ford previously requested that such actions be predictable, at least. In the meantime, the President has made it clear that companies choosing to invest in moving manufacturing operations to the U.S. can avoid those levies, and some have responded. Most recently, Hyundai announced that it will invest $21 billion in the U.S. to boost its manufacturing footprint there – $5.8 billion of which will go to a new steel plant in Louisiana.
Comments
MAGA BABY – Glad I voted for my best friend.
Y’all are so weird.
Y’all are so weird.
I don’t think they will get anywhere with their discussion. The whole point of the tariffs is to cause financial pain for those companies that produce goods outside the USA, and for them to be at a competitive disadvantage to those companies that do. The tariffs are there to pressure companies like Ford to change their business model.
Bill Ford is worth a Billion dollars and the Ford motor company should build more of there products in the US
It would be nice if Ford could build more vehicles and parts here. Unfortunately, their foreign competitors assembling here are not unionized and pay much lower wages. Ford, GM and Stellantis are at a major disadvantage with US operations. Their operations in Mexico allow them to offer better wages for their US unionized workers.
All automakers have operations in Mexico including Toyota, Nissan, BMW, Audi among others. The wage differential between union and nonunion OEM plants in this nation is not as wide as some people think.
Ford will be sourcing all parts out of China, Canada or Mexico directly and shut down US auto parts – at least for the models made in Mexico. Costs will be lower and this will help alleviate the price increases that will follow but kill more US jobs.
Not going to happen. There are tariff provisions for parts as well that are yet to be determined.
Enough of the train station, Bill…
Unless you personally paid for its refurbishment, respectfully, this wasn’t the best place to sink $1B of the company’s resources.
Build American Vehicles in America- sounds reasonable to me
Build Great Brittan vehicles in England – do not export to USA
Build Australian Vehicles in Australia – do not export to USA
Build in Mexico Vehicles for Mexico – Stop building Vehicles in Mexico for America
In other words only build American Vehicles for American Consumers in America
Thank God we have a business man for President. All I saw was the back of the head of the last one.
Don the loser that sold items under his brand that were made in China. The loser that employed undocumented aliens?