Ford says no US employee will lose a job because some cars will be built in Mexico

CNN:
Ford CEO Mark Fields says GOP presidential nominee Donald Trump is completely wrong when he says that Ford plans to move its U.S. operations to Mexico, or even shift future investment outside the country.

"It's really unfortunate when politics get in the way of the facts," he said Thursday in an exclusive interview with CNN's Poppy Harlow.

Asked if Ford would cut any U.S. jobs as part of its plans to build a new plant in Mexico, he responded; "Absolutely not. Zero. Not one job will be lost. Most of our investment is here in the US. And that's the way it will continue to be."

Earlier Thursday, Trump said in an interview on Fox News that Ford planned to "fire all their employees in the United States and...move to Mexico." He added that Ford would have to pay a 35% tax on any car that comes back to the U.S. if he becomes president. "And you know what's gonna happen, they're never going to leave."

Related: Trump's 35% Mexico tax would cost Ford billions and hurt Americans

A Ford spokeswoman said that Michigan factory workers who now build the cars that are moving to Mexico will start building other Ford models instead.

Ford has 85,000 U.S. workers, up 50% over the last five years. It currently employs 8,800 people in Mexico, and the new plant will create 2,800 additional jobs there.

Fields said that Ford's labor costs in Mexico are roughly 40% less than than they are at U.S. plants, which are all unionized.
...
Trump has been wrong abut much of his trade policies.  For example, NAFTA has been net positive for states like Texas.  It has actually created thousands of jobs in Texas and the state is the leading export state in the US and those exports are more than just fossil fuels.  Even the import business from Mexico has produced new jobs in Texas to get produce to markets.

Trump appears to be playing to rust belt fears and unions that are not competitive.  Meanwhile, Toyota is building trucks in Texas and has moved its corporate headquarters here.  Trump is just wrong about the trade issue and Clinton appears to be pandering to the same clueless bunch of voters.

Comments

Popular posts from this blog

Iraq says civilian casualties in Mosul caused by ISIS booby trap, not US air strike

Liberal fascists strike against Trump supporters in Berkeley

OPEC reduces production again in price maintenance program