Blame for Ford's Mexico move falls on Obama administration

[rangerrebew]

Blame for Ford's Mexico move falls on Obama administration
Marita Noon image

By Marita Noon —— Bio and Archives September 19, 2016
 

Ford Motor Company made headlines on Wednesday, September 9, when, during an investor conference, CEO Mark Fields told attendees that it will invest $1.6 billion building a manufacturing plant in San Luis Potosi, Mexico, and will move all of its small car production there during the next two to three years.

The announcement was hardly news as Ford has been talking about the shift for more than a year. But in the throes of an election that has both candidates decrying companies that send jobs to low-wage countries, the decision was an invitation for attention. The next day, during a speech in Flint, MI, Donald Trump declared that it was: “horrible.” He’s previously called the proposed move “an absolute disgrace” and promised to punish Ford with a 35 percent tariff on cars made in Mexico that are then sold in America—which he believes will prevent them from moving production out of the U.S.

http://canadafreepress.com/article/blame-for-fords-mexico-move-falls-on-obama-administration

[endicom]

Putting the onus on Obama is foolish. He is on a regulatory path blazed long ago.

The problem is that the cost of building any vehicle in the U.S. is high. The profit margin on small cars ranges from small to 'taking a loss' so production moves elsewhere.

[sinkspur]

Trump cannot impose tariffs on individual corporations, nor can he sanction an entire US industry.  That would take an act of Congress, and he'll never get that.

So more bluster from Trump. 

[Cripplecreek]

Trump cannot impose tariffs on individual corporations, nor can he sanction an entire US industry.  That would take an act of Congress, and he'll never get that.

So more bluster from Trump.

Not to mention the complete and utter stupidity of punishing those who flee an already oppressive tax and regulatory environment.

Its like trying to beat obedience into a dog.

[chae]

I'm sure Ivanka's proposals about maternity leave will have them rushing back.

[rangerrebew]

Trump cannot impose tariffs on individual corporations, nor can he sanction an entire US industry.  That would take an act of Congress, and he'll never get that.

So more bluster from Trump.

Maybe when the Constitution meant something, you would be correct.  But the Judiciary, Legislative, and Executive branches of government have turned it into nothing but and old piece of paper that politicians rant about to make their constituents believe they respect the rule of law.