Donald Trump is standing up for America’s working men and women. When Ford announced they were moving production of small cars from the US to Mexico, Trump responded brilliantly.
He said, “When that car comes back across the border…we’re going to charge them a 35% tax.”
Trump says this stiff penalty will prevent Ford from leaving. Listen to the GOP nominee in his own words below.
BOOM! He’s right. Ford is looking for cheaper labor, but if they are faced with a 35% tax, they might as well stay. It will cost more money in the long run if they ditch American workers.
Ford CEO Mark Fields believes in the “next two to three years, we will have migrated all of our small car production to Mexico and out of the United States.”
He went on to add that they plan on spending $4.5 billion on the development of electric vehicles. Most of this money will be spent in Mexico, not the United States of America.
Fields also spoke about expanding their research and manufacture of driverless vehicles in Mexico adding, “We see huge social economic and environmental benefits. We’re focused on usage where miles traveled be. Autonomous vehicles will account for one of every 10 miles traveled by 2025, and will grow from 5% of all vehicles sold in U.S. in 2025 to 30% in 2030.”
Ford had already been moving their production south of the border. In April, they began a $1.6 billion construction project expanding their factories in San Luis Potosi, Mexico.
In February, Ford decided to double production at a Mexico factory instead of increasing U.S. production and factories.
Ford joins Chevy in its mass exit from the United States. Chevy just debuted a Chinese-made SUV it looks to import into the United States.
General Motors including its Buick line already imports from foreign countries including South Korea, Europe, and Poland.
Share if you AGREE with Trump and STAND with Americans!
H/T Breitbart
More About:Lifestyle