Ford stops F-150S shipments and other models to China: Report
Ford Motor has suspended SUV shipments, pick -up trucks and sports cars to China due to the revenge definitions of President Trump’s trade war.
This week, the company stopped charging the F-150 RAPTORS, Mustang Muscle Cars, Michigan Bronco Suvs and Lincoln Navigators made by Kentuccy to China, according to the Wall Street Journal on Friday, citing people familiar with the matter.
WSJ said Chinese reprisals in response to American import taxes raised duties on these vehicles of up to 150 percent.
“We have amended exports from the United States to China in the light of the current definitions,” Ford spokesman confirmed in an e -mail to Newsnation, but it did not mention the affected models.
Last year, Ford was said to ship about 5500 Broncos, F-150S, Mustangs and Navigators to China. However, this is much lower than the annual average of more than 20,000 vehicle exports to China over the past decade, as WSJ pointed out.
Ford’s decision is one of the first concrete signs to control the American auto industry in the wake of Trump’s trade war – a battle that is expected to raise the costs of manufacturers and car shoppers alike.
A recent analysis conducted by the Automobile Research Center found that the definitions of 25 percent of Trump on auto imports will escalate costs for all American automotive companies by about $ 108 billion in 2025.
Auto industry companies also move in customs tariffs on steel and aluminum imports at least 25 percent.
Earlier this week, Trump hinted that he might reduce the auto industry from “permanent” tariffs but provided few details.
The president insists that his commercial war will return manufacturing functions to the United States, but experts fear that economic uncertainty will deter companies from making long -term investments.
WSJ said that Ford is also making engines and moved to China, and these shipments have continued.
The company is in a better position than most of it to overcome the storm of tariffs, as it produces about 80 percent of its United States locally sold by the United States, according to Reuters.
