Ford Chief Executive Says Trump Policies May Lead to Layoffs

The CEO of the company said on Tuesday that Ford Motor may have to lay off the employees if the Trump administration ends with other financial support and support for the manufacture of electric vehicles.

Jim Farley, CEO of Ford, said at a conference in New York that Ford has invested heavily in factories to produce batteries and electric cars in Ohio, Michigan, Kentucky and Tennessee. If the Republicans abolish the legislation of Biden’s era, which allocated billions of dollars in subsidies and loans for projects, Mr. Farley said: “Many of these jobs will be in danger.”

Mr. Farley was sharply criticizing President Trump’s threat to impose a tariff on cars and components of Mexico and Canada. Ford manufactures many vehicles in Mexico, including the MAVERICK Pickup, Mustang Mach-E electric, and engines in Canada.

According to a copy of his statements made by Ford, Mr. Farley said, “A tariff of 25 percent across Mexico and Canadian borders will blow a hole in the United States industry that we have not seen before.” “It gives the freedom of South Korean, Japanese and European companies that bring one and a half to two million cars in the United States that will not be subject to that Mexican and Canadian tariffs.”

Mr. Farley’s comments at the conference, organized by Wolfe Research, presented a rare example of the company’s executive invitation to Mr. Trump’s policies or data. In most cases, executive officials gave praise or kept calm, and they seem to be afraid that they would be able to take revenge on the president.

Even when you face a problem with specific policies, Mr. Farley praised how Mr. Trump “talked a lot about making the American auto industry stronger, which makes more production here or innovation in the United States.” This is now important, as the executive official said, as ” The battle of the global streets “takes place in the auto industry with the expansion of Chinese manufacturers abroad.

“If this administration is able to achieve this, it will be one, I think one of the most signed achievements,” said Mr. Farley.

But he added: “So far what we see is a lot of costs and a lot of chaos.”

Mr. Farley’s comments also highlighted a political predicament that the Republicans will face while trying to reflect the democratic policies designed to enhance electric cars. A lot of investment in factories has gone to the states and congressional provinces represented by the Republicans whose voters will be losing their jobs.