Ford CEO calls for 'comprehensive' tariff analysis for all countries

Detroit – Ford engine CEO Jim Farley said on Wednesday that if the Trump administration starts implementing rates that influence the car industry, it should view an “extensive” look at all countries.

Farley has chosen Toyota Motor and Hyundai Motor for importing hundreds of thousands of vehicles per year from Japan and Zuid -Korea, respectively, which have compared little to no tasks with the 25% tariff president Donald Trump has threatened the imposition of Canada and Mexico.

“Millions of vehicles are coming to our country that are not applied to these [incremental tariffs]”Farley said during the company's profit call in the fourth quarter with investors.” So if we have a rate policy … it is better expanded for our industry.

“We can't just choose on one place or the other, because this is a Bonanza for our import competitors.”

Farley's comments follow Trump that implements a 10% extra rate for goods from China, including cars, and current negotiations with Canada and Mexico with regard to 25% levies about imports from those countries to the US

For years, Ford has recommended his investments in the US, as well as the most American employees of every car maker, even if it is considered a disadvantage for his company.

Globaldata reports that 46.6% of all vehicles sold in the US last year were produced outside the country. South Korea, at 8.6%, and Japan, at 8.2%, rank second and third in vehicle entry, only with a backlog on Mexico, at 16.2%, Globaldata reports.

Cars imported from South Korea currently have no rates, while they are imported from Japan to 2.5% tasks. The import of trucks for the countries are 25%.

Apart from Hyundai and his brother or sister company Kia, General Motors annually import hundreds of thousands of vehicles that are tariff-free from South Korea.

Nissan -Motor And Honda -MotorTogether with smaller car manufacturers such as Subaru, also import vehicles from Japan, together with Toyota.