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Ford Motor Co. reacted quickly and firmly Sunday to a request by President Donald Trump that tariffs on Chinese products would force the automaker to build its Focus Focus crossover in the United States – um, no.
"It would not be profitable to build the Focus Active in the United States, with an expected annual sales volume of less than 50,000 units," Ford said in a statement Sunday. "Ford is proud to employ more American hourly workers and build more vehicles in the United States than any other automaker."
Early in the day, Trump tweeted "Ford has brutally killed a plan to sell a small Chinese-made vehicle in the United States because of the prospect of higher US fares … this car can now be built in the US and Ford does not will pay no rate!
In fact, on August 31, Ford canceled its intention to import compact Focus Actives manufactured in China because of high tariff costs. But that simply meant that the car would not be sold in the United States at all, because Ford saw it as a niche vehicle. The cars will continue to be sold elsewhere in the world.
"This is further proof that neither the president nor his sales representatives have any idea of the complexity of global supply chains," economist Jon Gabrielsen told reporters on Sunday at Detroit Free Press. specialized in the automotive industry.
Ford shares
F -1.70%
have fallen by almost 26% since the beginning of the year, compared to that of the S & P 500.
SPX, -0.22%
gain of more than 7%.
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