Ford CEO says Trump’s tariffs cause ‘Chaos’ in the auto industry

Detroit – President Donald TrumpBoth implemented and threatened tariffs are caused by “chaos” for the US car industry Ford Motor CEO Jim Farley.

The United States described the CEO of the second largest car producer 25% tariffs in steel and aluminumAt the same time, Mexico and Canada threatened to the same amount to the same amount, because currently the industry added “lots of expenses and many chaos.”

“President Trump spoke a lot more stronger, more to produce, produce more than US automotive industry, and if his leadership achieves this,” said Farley on Tuesdays A Wolfe Research Conference. “It’s a lot of expenses and many chaos we have ever seen.”

Farley and the included Ford CFO Sherry House said the company is the internal source of steel and aluminum; However, there are car manufacturers who are the source of such materials outside the country that can affect the costs.

The house said that all these actions, including suppliers, including suppliers to negatively affect the company’s biggest concern, automotive manufacturer’s business.

“We must deal with it. That’s what I talk about the value of chaos. It’s a little here. … This is what we are doing with us.

Farley, Mexico and the United States worried about the most concerned about the most interesting, and I did not see a long-term 25% tariff that will say that March 1 will strike a hole in the US industry. “

Farley to meet Washington for the second time in Washington, the State Officers in Three Weeks, including members of Congress, and how the uncertainty of politics affects the industry.

Last week, Farley also said that if the Trump management carried out tariffs affecting the automotive industry, he said See all countries “Comprehensive”.

Farley has removed Toyota Motor and Hyundai motor to import hundreds of thousands of vehicles from Japan every year South KoreaNo position compared to 25% tariff trump accordingly Plans to apply to Canada and Mexico.

Ford regularly brings American work, including advertising campaigns. The company is automatic manufacturer number 1 in the United States, with most vehicles exported to other countries.