DEARBORN, Mich. — Ford Motor Co. is escalating its criticism of the administration’s metals tariffs that the company has already said took a $1 billion bite out of profit, reported Industry Week.
“U.S. steel costs are more than anywhere else in the world,” Joe Hinrichs, Ford’s president of global operations, said on Oct. 22 at an event marking the start of Ranger pickup production at a factory west of Detroit.
He added that Ford is talking to the administration about the tariffs. “We tell them that we need to have competitive costs in our market in order to compete around the world.”
Read the full article at Industry Week.