On Tuesday, the CEO of Ford, Mark Fields said the entire U.S. economy would be affected by 35% car tariff placed on cars and trucks that are imported from Mexico. This idea was recently promoted by Donald Trump. Fields was the keynote speaker at Los Angeles’ Auto Show, and it was the first time that Fields had said anything in public about Trump, following the election victory.
During his campaign trail, Trump would often mention Ford and criticize Fields on the decision to move his small car production to Mexico. This eventually led to a feud, between Fields and Trump. One of Trump’s campaign promises is to bring manufacturing jobs back to the U.S., which he has mentioned imposing a 35% tariff on the vehicles that are produced in Mexico. “A tariff like that would be imposed on the entire auto sector, and that could have a huge impact on the U.S. economy”, said Fields.
To defend the company’s decision, Fields made an appearance on CNN and informed that the U.S. would not lose any jobs, because of the production for the Focus and C-Max hybrids has been sent to Mexico. Experts are saying that the tariff would violate rules that were established by the World Trade Organization, which consists of 164 countries. U.S. joined the organization in 1995. After Trump was awarded the next president, Fields sent a congratulatory letter. Fields also shared this at the auto show.
“We have had conversations with the transition team. I’ve sent a congratulatory letter to the president-elect, and we look forward to working with a new administration and the entire newly elected Congress”, said Fields. Fields mentioned that he believes in free trade, because Ford is a global company. In contrast, Trump shared that he would attempt to renegotiate NAFTA or remove the U.S. from the three-nation trade agreement.