in Shanghai, China. The company broke ground on the $2 billion factory in January. It is expected to be begin production by the end of the year.
Ford declined to comment on the direct impact of the 25% tariff but said the company "is the leading exporter of vehicles assembled in the U.S. and we are uniquely a net exporter to China." John Bozzella, who chairs the ad-hoc group "Here for America" that includes VW, Daimler and BMW, said the "tit-for-tat tariffs, absent any meaningful negotiations, are damaging to the American auto industry."
With Ford among those to lose in response to China's 25% tariff on American vehicles entering the country, equilarinc notes that total median employee pay saw a 26.73% decrease between 2017 and 2018. $F employeepay corpgov
Tesla building factories in China in this climate was just sketchy from the jump.
So Murica is losing on this round? From Famers to Automakers, who is next in line?
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Source: Reuters - 🏆 2. / 97 Read more »