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0 0.00102354145342884 0.00102354145342884 0.000992835209825866 0.012272262026612 0.00204708290685768 0.00307062436028653 -0.00511770726714439
Stock impact report

Trump wants automakers to move vehicle production to the U.S. It's not that simple [MSNBC.com]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: MSNBC.com
DETROIT — When PresidentDonald Trumpa reprieve from 25% auto tariffs“They need a little bit of time because they’re going to make them here,” Trump said April 14. “But they need a little bit of time, so I’m talking about things like that.”While automotive executives and experts agree more time would be helpful, an extension to bolster U.S. manufacturing isn’t so simple.For one thing, an additional 25% auto parts tariff is scheduled to take effect by May 3, which would raise the cost of a vehicle even if it’s assembled stateside rather than imported.And for another, automakers and suppliers don’t simply “move” plants, like some politicians have called for. Relocating production lines takes years of planning and construction — and can be costly.The actual construction of an assembly plant has to be done in conjunction with hiring workers, building infrastructure such as water and energy supplies, and building out a parts supply chain, among other considerations. That’s after site determ Show less Read more
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