24 November 2016

On the Record | Trump Tariff Threat Gains Tactical Victory in Kentucky

Please see my first wire for The American Spectator, ‘Trump Tariff Threat Gains Tactical Victory in Kentucky’:

A mere fortnight after becoming President-elect, Donald Trump’s tariff threat gained a tactical victory in the battle to keep American jobs at home.

Trump announced via Twitter that Ford Motor Company intentions to transfer SUV production south of the border were shelved. Chairman Bill Ford “advised me that he will be keeping the Lincoln plant in Kentucky — no Mexico,” Trump tweeted last Thursday.

“During his campaign, Trump was relentless in his criticism of Ford for planning to move all its North American small-car production to Mexico,” Bloomberg reported, “where wages are 80 percent lower than in the U.S.” Critics argued that Ford had intended to relocate only the Lincoln MKC but, in response to the tweet, “the company acknowledged for the first time it had been considering moving production of the MKC to Mexico” following the expiration of the union contract, albeit to allow Ford to focus on its Escape model which outsells Lincoln, 12-to-1.

Nevertheless, Trump supporters, Kentucky politicians, and union members rejoice at the news. But this is only the beginning. The company issued a statement that the future of Ford production in America was contingent on the belief that “President-elect Trump and the new Congress will pursue policies that will improve U.S. competitiveness.” And therein lies the rub, for producers and consumers alike.

Read more . . .

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My thanks to editors Wlady Pleszczynski and F.H. Buckley of The American Spectator.

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DMI wishes its American friends a happy Thanksgiving Day!