As per report Ford says it won't be moving production of a hatchback vehicle to the United States from China despite President Donald Trump's claim that his taxes on Chinese imports mean the Focus Active can be built in America. Meanwhile when citing Trump's new tariffs, Ford on August 31 said it was dropping plans to ship the Focus Active from China to America. Meanwhile Trump took to twitter to declare victory and wrote "This is just the beginning and this car can now be built in the U.S.A. and Ford will pay no tariffs!"
Moreover Trump was referring to a Reuter’s article published last week on CNBC that said Ford cancelled plans to sell a small, Chinese made vehicle because of possible hikes in tariffs. Furthermore in the article, a Ford official said it would have been a "niche vehicle" in US markets, and will not cost jobs or hurt sales.
Previously in a Sunday statement replying to the
tweet, Ford said "it would not be profitable to build the Focus Active in
the U.S." given forecast yearly sales below 50,000. Reports added Trump
first threatened to up tariffs against China in July, boosting the looming
trade war between the US and China. Further after months of discussion among US
companies that the tariffs would cause costs of a wide variety of huge range of
industrial and consumer goods.
Saudi Arabia auctions real estates of billionaire Maan al-Sanea Riyadh sources stated that Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors. Meanwhile sources familiar with the matter told Reuters, Sanea ranked by Forbes in 2007 as one of the world's
- In 2019 Lok Sabha polls, people will defeat BJP: Mamata Banerjee
- MK Stalin launched scathing attack on Edappadi Palaniswami leveling corruption charges
- Trump imposes additional tariffs on China from September 24
- Who is the Baahubali of Telangana?
- Yusaku Maezawa, founder & CEO of Zozo, First Tourist to Moon
- Domestic fuel prices continued to scale new height
- Heavy rains expected today as well!
- Vijaya Bhaskar gets aroused!
- Sunny gets a wax statue!
- A sleep ruins minister's life!
- Finance Minister announced Merger of 3 Banks
- Who is Country's Highest Earning MLA?
- North & South Korean Leaders Meet at Pyongyang
- Guys involved in Controversial WhatsApp chat to kill Defense Minister held
- Centre's decision to ban 328 FDC drugs brought 6,000 medicines on radar