With the ever-looming threat of Trump’s tariffs, industry experts like Ford’s CEO warn that they would jeopardize auto jobs here in the US
LANSING — In case you missed it, Ford CEO Jim Farley made it crystal clear that Trump’s tariffs on Canada and Mexico would be a disaster for Michigan, saying they would “blow a hole” in auto manufacturing around the country. Instead of lowering costs or growing wages, Trump’s tariffs would kill jobs while raising costs across the board — demolishing middle-class families here in Michigan that rely on those jobs.
Since becoming president, Trump has pushed through his extremist agenda that prioritizes the wealth of the 1% over the needs of working families over and over again. Just like last time, Trump is abandoning Michiganders and walking back on the promises he made during the campaign.
Make no mistake, Trump’s tariffs will hurt Michigan’s auto industry — a move that would potentially take generations to rebuild. Trump is playing games with people’s lives, and Michigan Dems will be there every step to push back against his dangerous plans.
Read more about the potentially devastating consequences of these tariffs below:
Detroit Free Press: Ford CEO Farley: Lasting 25% tariff on Canada, Mexico would ‘blow a hole’ in US auto industry
- Ford CEO Jim Farley, on the eve of traveling to Washington, D.C., to meet with members of Congress on President Donald Trump’s proposed tariffs did not mince words Tuesday during an investor conference.
- While Trump has talked about strengthening the U.S. auto industry, which would be a signature accomplishment, “So far what we’re seeing is a lot of cost and a lot of chaos,” he said.
- “Let’s be real honest: Long term, a 25% tariff across the Mexico and Canada borders would blow a hole in the U.S. industry that we’ve never seen,” Farley said. “Frankly, it gives free reign to South Korean, Japanese and European companies that are bringing 1.5 million to 2 million vehicles into the U.S. that wouldn’t be subject to those Mexican and Canadian tariffs…”
- Ford is compliant with the terms in the United States-Mexico-Canada Agreement on trade across its finished vehicles and components that cross the borders between the three countries, Farley said. A 25% tariffs “would be devastating,” he said…
- “We’ve already sunk capital — even though we’ve rationalized it — into battery production and assembly plants all through Ohio, Michigan, Kentucky and Tennessee,” Farley said. “Many of those jobs would be at risk if big parts of the IRA are repealed…”
- That could mean consumers will be paying more for new cars. According to Kevin Roberts, Director of Economic and Market Intelligence at car shopping website CarGurus, because the auto production supply chain is so interconnected, tariffs on imported steel and aluminum could raise car prices, especially on vehicles made in the United States…