Did this guy actually go to business school? No one can be this stupid!
Trump Says Tariffs Mean Ford Can Make New Model at Home. Ford Says It Won't.
President Trump on Sunday suggested Ford Motor could begin making a small car in the United States instead of importing it from China. But the automaker quickly issued a statement saying it has no such plans.
In August, Ford announced it had killed a plan to import the Focus Active, a roomy hatchback, saying the tariffs Mr. Trump has threatened to impose on vehicles built in China would increase costs too much for the company to hit its profit targets.
Mr. Trump hailed the decision in a Twitter post on Sunday, apparently after he saw a report about the Focus Active on television. “‘Ford has abruptly killed a plan to sell a Chinese-made small vehicle in the U.S. because of the prospect of higher U.S. tariffs.’ CNBC. This is just the beginning. This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!”
Ford announced its plan to withhold the Focus Active from the United States market on Aug. 31. After Mr. Trump’s tweet, the company responded with a statement that reiterated its reasoning: The niche model was not suited for domestic production. “It would not be profitable to build the Focus Active in the U.S. given an expected annual sales volume of fewer than 50,000 units and its competitive segment,” the company said.
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