According to Ford's CEO, the introduction of new tariffs on goods from Canada and Mexico could seriously destabilize the market. Auto giants, including Ford and General Motors, have invested significant funds in production facilities outside the US, relying on predictable trade relations. However, Trump's policy is tearing apart established production chains and increasing the financial burden on businesses.
"Forming automotive supply chains takes many years. They cannot be rebuilt at the whim of politicians", Farley stated. He also noted that the industry urgently needs stable and clear rules of the game, not tariff disputes and legal battles that only complicate the work of enterprises.
Of particular concern is the introduction of a 25 percent duty on imported cars and parts. This could significantly hit buyers' wallets and weaken the position of American companies in the market.
"If the American authorities do not change their strategy, we will face colossal losses", emphasized the head of Ford.
Such steps by Trump run counter to his own promises to support domestic production. In the long run, they could provoke an outflow of investment and a reduction in the number of jobs in the United States.
