Today Ford announced that it is moving all of it’s small car production to Mexico and Trump doesn’t like it one bit.
Here’s the announcement by Ford:
DETROIT FREE PRESS – Ford plans to eventually shift all North American small-car production from the U.S. to Mexico, CEO Mark Fields told investors Tuesday, even though the company’s production investments in Mexico have become a lightning rod for controversy in the presidential election.
“Over the next two to three years, we will have migrated all of our small-car production to Mexico and out of the United States,” Fields said at a daylong investor conference in Dearborn.
And here’s Trump telling Fox News that he can’t believe their brazenness and that he will slap a 35% tariff on their imports in order to stop them:
I know Trump has said this before, but the fact that he’s declaring it again on the day Ford announces they are moving small car production to Mexico is troubling. He just doesn’t get it.
Companies move jobs to other countries because doing business here is too expensive. What he should be saying is that he will work hard to make America more competitive with other countries so that companies like Ford can move their operations back.
But no, just like an angry dictator, Trump wants to punish them for doing something he doesn’t agree with.
UPDATE: Trump just called Ford a ‘disgrace’ for making the move and said it’s also disgraceful that politicians allow companies like Ford to get away with it!
— CNN Politics (@CNNPolitics) September 15, 2016