{"id":22010,"date":"2025-02-11T20:13:35","date_gmt":"2025-02-11T21:13:35","guid":{"rendered":"http:\/\/medexperts.pro\/?p=22010"},"modified":"2025-02-11T21:24:20","modified_gmt":"2025-02-11T21:24:20","slug":"ford-chief-executive-says-trump-policies-may-lead-to-layoffs","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=22010","title":{"rendered":"Ford Chief Executive Says Trump Policies May Lead to Layoffs"},"content":{"rendered":"
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The executive, Jim Farley, said President Trump\u2019s tariff and auto policies would raise costs and could force the automaker to cut jobs.<\/p>\n

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Ford Motor could be forced to lay off employees if the Trump administration ends subsidies and other financial support for electric vehicle manufacturing, the company\u2019s chief executive said on Tuesday.<\/p>\n

Ford has invested heavily in factories to produce batteries and electric vehicles in Ohio, Michigan, Kentucky and Tennessee, Jim Farley, the Ford chief executive, said at a conference in New York. If Republicans repeal Biden-era legislation that allocated billions of dollars in subsidies and loans for the projects, Mr. Farley said, \u201cmany of those jobs will be at risk.\u201d<\/p>\n

Mr. Farley was also sharply critical of President Trump\u2019s threat to impose tariffs on cars and components from Mexico and Canada. Ford makes several vehicles in Mexico, including the Maverick pickup and Mustang Mach-E electric S.U.V., and engines in Canada.<\/p>\n

\u201cA 25 percent tariff across the Mexico and Canadian border will blow a hole in the U.S. industry that we have never seen,\u201d Mr. Farley said, according to a transcript of his remarks provided by Ford. \u201cIt gives free rein to South Korean and Japanese and European companies that are bringing one and a half to two million vehicles into the U.S. that wouldn\u2019t be subject to those Mexican and Canadian tariffs.\u201d<\/p>\n<\/div>\n<\/div>\n

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Mr. Farley\u2019s remarks at the conference, which was organized by Wolfe Research, offered a rare example of a corporate executive calling into question Mr. Trump\u2019s policies or statements. In most cases executives have either offered praise or kept quiet, apparently out of fear they could prompt reprisals from the president.<\/p>\n

Even as he took issue with specific policies, Mr. Farley commended how Mr. Trump \u201chas talked a lot about making our U.S. auto industry stronger, bringing more production here or innovation in the U.S.\u201d This is especially important now, the executive said, because a \u201cglobal street fight\u201d is taking place in the auto industry as Chinese manufacturers expand overseas.<\/p>\n

\u201cIf this administration can achieve that, it would be one of, I think one of the most signature accomplishments,\u201d Mr. Farley said.<\/p>\n

But he added, \u201cSo far what we\u2019re seeing is a lot of costs and a lot of chaos.\u201d<\/p>\n

Mr. Farley\u2019s comments also highlighted a political quandary that Republicans will face as they try to reverse Democratic policies designed to promote electric vehicles. Much of the investment in factories has gone to states and congressional districts represented by Republicans whose constituents would be the ones to lose their jobs.<\/p>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

The executive, Jim Farley, said President Trump\u2019s tariff and auto policies would raise costs and could force the automaker to cut jobs.Ford Motor could be forced to lay off employees if the Trump administration ends subsidies and other financial support for electric vehicle manufacturing, the company\u2019s chief executive said on Tuesday.Ford has invested heavily in factories to produce batteries and electric vehicles in Ohio, Michigan, Kentucky and Tennessee, Jim Farley, the Ford chief executive, said at a conference in New York. If Republicans repeal Biden-era legislation that allocated billions of dollars in subsidies and loans for the projects, Mr. Farley said, \u201cmany of those jobs will be at risk.\u201dMr. Farley was also sharply critical of President Trump\u2019s threat to impose tariffs on cars and components from Mexico and Canada. Ford makes several vehicles in Mexico, including the Maverick pickup and Mustang Mach-E electric S.U.V., and engines in Canada.\u201cA 25 percent tariff across the Mexico and Canadian border will blow a hole in the U.S. industry that we have never seen,\u201d Mr. Farley said, according to a transcript of his remarks provided by Ford. \u201cIt gives free rein to South Korean and Japanese and European companies that are bringing one and a half to two million vehicles into the U.S. that wouldn\u2019t be subject to those Mexican and Canadian tariffs.\u201dMr. Farley\u2019s remarks at the conference, which was organized by Wolfe Research, offered a rare example of a corporate executive calling into question Mr. Trump\u2019s policies or statements. In most cases executives have either offered praise or kept quiet, apparently out of fear they could prompt reprisals from the president.Even as he took issue with specific policies, Mr. Farley commended how Mr. Trump \u201chas talked a lot about making our U.S. auto industry stronger, bringing more production here or innovation in the U.S.\u201d This is especially important now, the executive said, because a \u201cglobal street fight\u201d is taking place in the auto industry as Chinese manufacturers expand overseas.\u201cIf this administration can achieve that, it would be one of, I think one of the most signature accomplishments,\u201d Mr. Farley said.But he added, \u201cSo far what we\u2019re seeing is a lot of costs and a lot of chaos.\u201dMr. Farley\u2019s comments also highlighted a political quandary that Republicans will face as they try to reverse Democratic policies designed to promote electric vehicles. Much of the investment in factories has gone to states and congressional districts represented by Republicans whose constituents would be the ones to lose their jobs.<\/p>\n","protected":false},"author":1,"featured_media":22012,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-22010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/22010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22010"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/22010\/revisions"}],"predecessor-version":[{"id":22013,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/22010\/revisions\/22013"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/22012"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}