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Ford Concerned About Potential China Retaliation

May 10, 2019 - 1:08 pm
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DETROIT (AP) - Ford spokeswoman Rachel McCleery says the company is most concerned about any retaliatory tariffs China might impose.

The Dearborn, Michigan-based company says 80% of the vehicles it assembles in the U.S. are sold domestically, but it does export some vehicles to China.

"While most of the vehicles we sell in China are built in China, Ford does export a number of vehicles to China from the U.S.," McCleery says. "Our biggest concern are impacts retaliatory tariffs would have on our exports and our expanding customer base in China."

((US Hikes Tariffs On Chinese Goods, Beijing Vows Retaliation))

Meanwhile, Toyota spokesman Scott Vazin, says the company is "currently investigating the impact on our global operations."

Toyota has in the past been outspoken against tariffs that could affect imported auto parts, warning it would raise production costs and lead to higher vehicle prices for U.S. consumers.

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