Despite Trump’s tweet, Ford says it won’t make hatchback in US

Marco Green
September 13, 2018

Last week, Ford revealed that it was dropping plans to import the Focus Active from China due to Trump's tariffs on Chinese goods. In January, the company also announced its "direct contribution" to the USA economy through investments and other spending would exceed $350 billion over the next five years, while it would establish a new Apple campus to house technical support for customers.

President Donald Trump has continued to target China, recently announcing that he is ready to levy tariffs on basically all of the goods that the Chinese import to the United States.

According to the South China Morning Post, the Dow Jones industrial average plummeted by 140 points or.59 percent and the S&P followed suit by more than.30 percent. Start building new plants now.

There was a "logical gap" in Trump's statement that the vehicle not being imported to the USA somehow meant it could be built in the United States cost-effectively, said Reade, who now advises clients on U.S. and Chinese governmental issues at the Washington-based law firm Arnold & Porter.

Trump, who is challenging China, Mexico, Canada and the European Union on trade issues, has now expressed displeasure about his country's large trade deficit with Japan. The US on July 6 began imposing a 25 % tax on $34 billion in Chinese language imports, including motorized autos. The public had until Thursday to comment on the administration's plan.

Beijing has warned of retaliation if Washington launches any new measures, but it is running out of room to match them dollar-for-dollar, raising concerns it could resort to other measures such as weakening the yuan or taking action against USA companies in China. "We hope, instead, that you will reconsider these measures and work to find other, more effective solutions that leave the USA economy and USA consumer stronger and healthier than ever before", Apple said.

"It seems that the president views these decisions by companies and where to locate their production as being a black-or-white proposition", Cutler said. The company's shares fell 0.8% on Friday to close at $221.30 on the news.

The $200 billion of Chinese goods on the US list includes some consumer products such as cameras and recording devices, luggage, handbags, tires and vacuum cleaners, with additional tariffs ranging from 10 to 25 percent.

Apple itself has already said which products would be hit as a result of the tariffs. "We hope, instead, that you will reconsider these measures and work to find other, more effective solutions that leave the USA economy and USA consumer stronger and healthier than ever before". He also called on Apple Inc to make its products in the United States. It said some of the parts it relies on for product development, including processors and research equipment, would also be hit by the tariffs. Computer and phone makers are involved in a global supply chain that includes Chinese manufacturing, and that can't be easily excluded without harm to U.S. companies, Intel said in a letter to the trade representative. Speaking aboard Air Force One, the president also renewed his threat to impose duties on all goods entering the United States from China.

These are worrying times for technology companies that rely on complex, worldwide supply chains to build and assemble their products.

The latest round of presidential tweeting came after Apple's warning that tariffs on Chinese goods would drive up the cost of products such as the iPhone. The vehicle will be built in both Chongqing, China, and Saarlouis, Germany, a Ford spokesman said in an interview on Monday. Earlier this year, the company said that as part of tax reform it would spend $350 billion in the USA over the next five years.

Other reports by Click Lancashire

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