Ford CEO requires a “complete” tariff evaluation for all international locations

Ford Motor Co., CEO Jim Farley, specifies the thumb-up sign before announcing that Ford Motor during a press conference in Romulus, Michigan February, Marshall, Michigan, in Marshall, Michigan, a pure electric vehicle battery in Marshall, Michigan, build 13, 2023.

Rebecca Cook | Reuters

Detroit – Ford engine CEO Jim Farley said on Wednesday on Wednesday when the Trump administration will implement tariffs that affect the automotive industry by tariffs, it should be a “comprehensive” view of all countries.

Farley has selected Toyota Motor and Hyundai Motor for the import of hundreds of thousands of vehicles annually from Japan and South Korea, which compared to 25% tariff tariff President Donald Trump in Canada and Mexico have little or no tasks.

“There are millions of vehicles into our country that are not applied to them [incremental tariffs]”, Farley said with investors during the profit in the fourth quarter of the company.

“We cannot simply choose one or the other place because this is a bonanza for our import competitors.”

Farley's comments follow Trump to implement a 10% additional tariff for goods from China that includes automobiles and ongoing negotiations with Canada and Mexico over 25% taxes for imports from these countries to the USA

Ford has advertised its investments in the United States for years and most of the American workers of every car manufacturer, also since this is considered a disadvantage for his business.

Globaldata reports that 46.6% of all vehicles sold in the USA were produced outside the country last year. South Korea with 8.6%and Japan with 8.2%in vehicle imports in second and third place, only to Mexico, with 16.2%, reports Globaldata.

Cars that are imported from South Korea currently have no tariffs, while the tariffs imported from Japan are subject to 2.5% duties. Truck imports for the countries are 25%.

Apart from Hyundai and his sibling company Kia, General Motors Imported hundreds of thousands of vehicles from South Korea every year.

Nissan engine And Honda engineImport with smaller car manufacturers such as Subaru, also import vehicles from Japan together with smaller car manufacturers.