• Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
Friday, July 11, 2025
Illinois Review
  • Login
  • Register
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
Illinois Review
No Result
View All Result
Home Foreign Policy

Ford blames Chinese tariffs for $1billion profit loss in 2017

Illinois Review by Illinois Review
September 26, 2018
in Foreign Policy
Reading Time: 2 mins read
A A
2
26
SHARES
433
VIEWS
Share on FacebookShare on Twitter

1535398698964

You might also like

Opinion: Zohran Kwame Mamdani and the Importation of America’s Enemies

Opinion: The Significance of Trump’s Actions in Iran

Opinion: A Sanctions Regime as a Foreign Policy Tool

Despite a reported net income in 2017 of $7.6 billion, the most since 2013, Ford CEO Chief Executive Officer Jim Hackett said this week the Chinese tariffs cost the company $1 billion in profit loss last year.

“The metals tariffs took about $1 billion in profit from us — and the irony is we source most of that in the U.S. today anyways,” Hackett said in an interview on Bloomberg Television. “If it goes on longer, there will be more damage."

Industry Week reported Wednesday that Ford and other global automakers have opposed the president’s use of tariffs and the retaliation they spur:

Last month, Jim Farley, Ford’s president of global markets, described Trump’s tariffs on steel and aluminum as a “significant headwind for us.” A few weeks later, the second-largest U.S. automaker canceled plans to import the Focus Active crossover from China, citing Trump’s vehicle tariffs.

“What we’re urging our administration to do — where we’re in China and in Europe — we say, you need to come to agreement quickly,” Hackett said.

The news seemed to have little effect on Ford's shares Wednesday, but they have dropped 25% in value since the first of 2018.

Reuters reported Wednesday that China unveiled plans to cut tariffs for products including machinery, electrical equipment and textile products beginning on Nov. 1, as the country braces for an escalating trade war with the United States.

Related

Tags: FordIllinois ReviewIndustry Weektariffs
Share10Tweet7
Previous Post

Republican House challenger’s signs vandalized in contentious Grayslake race

Next Post

Cook County – Political Ground Zero

Illinois Review

Illinois Review

Founded in 2005, Illinois Review is the leading perspective and source of conservative news, opinion and information in Illinois. Follow Illinois Review on X at @IllinoisReview.

Recommended For You

Opinion: Zohran Kwame Mamdani and the Importation of America’s Enemies

by John F. Di Leo
June 30, 2025
0
Opinion: Zohran Kwame Mamdani and the Importation of America’s Enemies

By John F. Di Leo, Opinion ContributorZohran Kwame Mamdani doesn’t exactly sound like an American name, does it?And yet, since the June primary, it’s the name of the...

Read moreDetails

Opinion: The Significance of Trump’s Actions in Iran

by John F. Di Leo
June 23, 2025
0
Opinion: The Significance of Trump’s Actions in Iran

By John F. Di Leo, Opinion ContributorHow does the United States “start a war?”Well, we are a republic, with a constitutionally organized separation of powers. In the USA,...

Read moreDetails

Opinion: A Sanctions Regime as a Foreign Policy Tool

by John F. Di Leo
May 21, 2025
0
Opinion: A Sanctions Regime as a Foreign Policy Tool

By John F. Di Leo, Opinion Contributor When a head of state – such as the President of the United States, for example – wants to encourage certain...

Read moreDetails

Opinion: Allies and Enemies in the Tariff Wars

by John F. Di Leo
April 9, 2025
0
Opinion: Allies and Enemies in the Tariff Wars

By John F. Di Leo, Opinion ContributorWe're hearing a lot of complaints about the tariffs, and I understand that, since we all hate taxes, as we should. Republicans...

Read moreDetails

Opinion: The United States Comes to the Aid of World Shipping at Last

by John F. Di Leo
March 18, 2025
0
Opinion: The United States Comes to the Aid of World Shipping at Last

By John F. Di Leo, Opinion ContributorThe Houthis are a terrorist organization, controlling a large area of Yemen, on the southwest corner of the Arabian peninsula. The Houthis...

Read moreDetails
Next Post

Cook County - Political Ground Zero

Please login to join discussion

Best Dental Group

Related News

IL Freedom Caucus calls on Lurie Children’s Hospital to cease gender services for kids

October 27, 2022

Beckman: Is the Brigham Young University racial slur controversy another hoax?

October 27, 2022

Salvi polling shows closer race

October 27, 2022

Browse by Category

  • America First
  • Education
  • Faith & Family
  • Foreign Policy
  • Health Care
  • Illinois News
  • Illinois Politics
  • Opinion
  • Science
  • Second Amendment
  • TRENDING
  • US NEWS
  • US Politics
  • World News
Illinois Review

© 2024 llinois Review LLC Editor in Chief Mark Vargas Publisher Thomas McCullagh Chief Counsel Scott Kaspar

Navigate Site

  • Checkout
  • Home
  • Home – mobile
  • Login/Register
  • Login/Register
  • My account
  • My Account-
  • My Account- – mobile

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • Health Care
  • US NEWS
  • America First
  • Opinion
  • TRENDING
  • Education
  • Foreign Policy
  • Second Amendment
  • Faith & Family
  • Science
  • World News

© 2024 llinois Review LLC Editor in Chief Mark Vargas Publisher Thomas McCullagh Chief Counsel Scott Kaspar

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?