One of the significant differences between Donald Trump and his second is the true number of acceptance and the curling of America seems to be done to respond to destruction behavior. His norm But at least one of the major American executives began to break under the pressure of Trump's tax system: Jim Farley's CEO of Ford is Warning bells For American car manufacturers, warning that the punishment that is about to occur will cause the industry to squeeze heavily.
While speaking at the Wolfe Research Conference in New York on Tuesday, Farley Say Trump's policy leads to “A lot of expenses and chaos.” Trump has repeatedly talked in the automotive industry as far as he claims that he “save” between him. AddressBut Farley warns that he may end with the tank: “I would like to be truly honored in the long run of 25% tax, all over Mexico and the Canadian border will explode the hole in the United States industry that we have never blessed,” he said.
As Farley pointed out during his appearance, at the tax meeting twice as an American vehicle. First of all, it affects the manufacturers of imported cars, which cannot be avoided.
Forward to consumers– But it means that competitors, including Korean, Japanese and European companies, do not have to pay the same cost, so they have been considered that there is a higher competition in determining the Farley price. “One of the largest fortune for those companies”
This is a slight change for Farley, which before Trump took the position. Seed is confident that things will be very good.
Donate $ 1 million plus vehicles Trump's position for Grease wheels, and in general, Farley shrugged Trump's tax threat in December when they were only theoretical threats. “After 120 years, we were quite experienced with Change the policy ”
He spoke at that timeThe insertion of “Ford is in a very good position” to receive any storm.
Going forward until February and it turns out that the storm is worse than Farley predicted. He warned that his company tends to
See some important employees If Trump's proposed tax is effective and said that the impact will “destroy” to the overall industry.
Other car manufacturers are trying to keep the situation. In the same meeting, GM Barrazee
Say Her company can reduce the cost of up to half of the costs created by tax and the company is “prepare” for the next step that may occur. But Farley seems to lose his coolness, and of course he is not the last executive to start sweating openly to the public when Trump became heat.
