Ford CEO says tariffs bringing ‘a lot of cost and a lot of chaos’

Ford Ceo Jim Farley said on Tuesday that that president Donald Trump Until now, the tariff push has brought “many expenses and very chaos” to automotive industry, despite the president’s goals, to help industry.

“President Trump talks a lot about the strengthening of our US car show industry, bringing more production to the United States, and if this administration can be one of the most important achievements in Detroit.

“So far, what we see is a lot of expenses and very chaos,” he added.

Farley also said that if 25% of Trump Tariffs in Mexico and Canada It is carried out and remain in force in the long run, it “hole” in the US car industry, the competitors of Asia and Europe benefited.

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Ford CEO Jim Farli warned that Mexico and Canadian tariffs in the long run “will” a hole in the US car industry. “ (Emily Elconin / Bloomberg Getty Images / Getty Images)

“Let’s be real honest. The tariff of 25% of the long-term, Mexican and Canada borders would become a hole US Industry: That we have never seen, “said Farlille. : It will ever be one of the biggest winds of those companies. “

“Meanwhile we are USMCA-corresponding With almost all of our content, completed vehicles and components that pass the borders. It would be devastating to have the type of tariff size, “said Farli.

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Ford CEO Jim Farley warned that foreign cars will benefit if 25% Trump Tariffs in Mexico and Canada. (Photographer: Emily Elconin / Bloomberg Via Getty Images / Getty Images)

Breakfast, Michigan-based carmaker is less exposed to Canada and Mexican tariffs than his crossown rival mobile engines or stelstis, for example, Jeep and Dodge’s parent company.

That’s the more Ford’s Production base It is located inside the United States and the vehicles, which he imports imported outside the country, prone to less profitable than its competitors import.

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Ford Execs says that the company gives a lot of its steel and aluminum, so the expectant tariffs cannot be harmful to its actions. (Jeff Kovalski / Getty Images)

Ford is discussing the spheres in which the inventory in Mexico and Canada have been prepared for 25 percent possible tariffs, the leaders said on Tuesday.

These tariffs were planned to enter into force in early February, but he postponed the trump card until the March of Canada and Mexico announced border security measures.

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Discussed in the next month, which is planned to enter into force on steel and aluminum tariffs in the last month Ford leaders Noting that the company receives 90% of its steel and about 10% from Canada, while the company’s aluminum is also mostly mastered.

Reuters contributed to this report.