Ford CEO Mark Fields warned that President-elect Donald Trump's
proposed trade plans — which include a 35 percent tariff on motor
vehicles imported from Mexico — would have a "huge impact" on the entire
American economy, not just the auto industry.
Though Fields said Ford has "had conversations
with the transition team" for the incoming president, his comments, made
during a keynote speech marking the opening of the 2016 Los Angeles
Auto Show, could escalate a sometimes sharp dispute that began early
during the election campaign. It was touched off by Ford's announcement
it would shift small car production from U.S. plants to a new factory in
Mexico.
"We've got to keep (factories) here. It's not
that hard to do," then-candidate Trump said during one campaign
interview, adding that if Ford and other makers continued to expand in
Mexico, "pretty soon all we're going to have is nursing home jobs."
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