Ford CEO Jim Farley has a question about President Donald Trump’s threatened tariffs on imports from Mexico, Canada, and China: Why stop there?
Farley said in a conference call Wednesday that Trump’s selective approach “doesn’t make sense.”
“Why are we having this conversation while Hyundai-Kia is importing 600,000 units in the U.S. with no incremental tariff? And why is Toyota able to import a half a million vehicles in the U.S. with no incremental tariffs?” Farley questioned. “If we’re going to have a tariff policy that lasts for a month, or whatever it’s going to be, years — it better be comprehensive for our industry. We can’t just cherry pick one place or the other, because this is a bonanza for our import competitors.”
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