Trump’s Auto Misfire Will Do Nothing for Detroit [Bloomberg Business News]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Bloomberg Business News
The latest salvo in President Donald Trump’s trade war promises to do more damage than good to an already-anxious American auto industry. Trump on Wednesday ordered the U.S. Commerce Department to probe whether auto imports threaten national security under Section 232 of the Trade Expansion Act – the same executive power he used to apply tariffs on steel and aluminum earlier this year. The president’s latest idea risks unwinding a global supply chain that powers sales of almost 20 million cars a year in the U.S. alone. Passenger vehicles and parts account for almost a quarter of the $811 billion U.S. trade deficit in goods. The threat of tariffs also stands in stark contrast to China’s decision this week to cut import duties on cars and auto parts. What’s often forgotten or ignored is that a car isn’t a discrete object – hundreds of parts from engines and steering systems to chassis and body frames go into making a vehicle. Few owners may sit around tal
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Earnings
- 2/6/24 - Beat
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Sec Filings
- 4/22/24 - Form 8-K
- 4/5/24 - Form DEFA14A
- 4/3/24 - Form 8-K
- F's page on the SEC website