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Trump’s promise to tax imported goods could spell trouble for US auto industry
Automakers face uncertainty as top-selling vehicles, such as the Ford F-150 truck, are sourced from around the globe
The goal is to force Ford and other automakers to onshore production and create manufacturing jobs here, but the idea is generating fears of shortages and inflation across the economy – the tariffs would cost the average US household about $2,600 per year, by some estimates. Photograph: Jeff Kowalsky/AFP/Getty ImagesBy comparison, the highest ranking truck in the AMI was the Toyota Ridgeline, slotted at sixth, with 70% of its parts produced in the US or Canada, and final assembly in Alabama. Trump saw Democrats lose power over inflation, Weber added, and he might come up with measures to avoid hitting US consumers with the cost, like forcing foreign companies to pay part of the tariff.
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