Ford Plans Layoffs After $1 Billion Trump Tariff Hit
Ford Motor Company is reportedly preparing to initiate major layoffs after suffering a blow to profits of at least $1 billion due to tariffs enacted by President Donald Trump.
The automaker said last month that it was ditching plans to sell its new Focus crossover vehicle in the U.S.
Guess I'm confused. Tariffs are on incoming materials, but Ford says they "source most of that in he U.S." What is it that they're sourcing in the U.S. if it's imported.?
Don't worry ford employees, coal industry is about to start booming again. Right?
No problem. We just give Ford $12 billion-- with money we borrowed from China-- like the farmers got.
So much for the new trade deal bringing auto industry jobs back to the US. Who knew traiffs could cause people to lose their jobs
Trump said that “trade wars are good, and easy to win.”......."Which is why I've exempted Ivanka China made goods from them."
I wonder how many more 12 billion dollar welfare packages trump thinks he can hand out.
Maybe these are labor cuts due to dropping all the Ford sedans and building SUVs, Trucks and the Mustang. The Ford Focus Active is a planned vehicle made in China but now that is gone due to the tariffs.
也许这些都是由于放弃所有福特轿车，制造SUV，卡车和野马而导致的裁员。福特Ford Focus Active计划在中国制造，但现在由于关税已经取消了。
Then you have to have people (not the government) create new manufacturing here. They also have to do it at a profit without subsidies. More jobs here creates more income in taxes to pay for infrastructure.
Almost everything we use was made here not too many years ago. Those politicians fighting for global economy have big stakes in foreign companies.
I heard the coal mines and them new steel mills are hiring. Plus we need workers to build that wall. So all should be just fine...
Long ago...way before the tariffs...Like last year...a new truck to replace my existing work truck was $75K! Guess who still has their old truck? Tariffs isn't Ford's problem.
Its funny reading the comments, it seems the super rich have successfully divided our country and we argue among ourselves about the left over scraps and the things we dont control.
Right Wing Realist
Well...these 20,000 high dollar employees in Detroit and Manhattan can send a thank you note to the Trump...lol. I'm sure they feel like they are winning.
Maybe Trump can write Ford a welfare check too.
It really doesn't matter. All these layoffs will be offset by all the hiring taking place at the coal mines.