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Ford CEO warns Trump's 35% car tariff would harm the economy

TIME : 2016-11-16READ : 51

LOS ANGELES — Ford Motors CEO Mark Fields said Tuesday that a 35% tariff on cars and trucks imported from Mexico — an idea promoted by President-elect Donald Trump — would have a "huge impact" on the entire U.S. economy.

Fields, who delivered the keynote speech at the Los Angeles Auto Show on Tuesday morning, spoke about Donald Trump for the first time in public since the businessman was elected to become the next president.

On the campaign trail Trump frequently criticized Ford for deciding to move the production of small cars from the U.S. to Mexico, leading to a feud between the candidate and the automaker. Trump also has promised to bring manufacturing jobs back to the U.S. and has talked about imposing a 35% tariff on cars made in Mexico.

"A tariff like that would be imposed on the entire auto sector, and that could have a huge impact on the U.S. economy," Fields said.

In September, Fields appeared on CNN to say no jobs would be lost in the U.S. as it moves production of the Ford Focus and C-Max hybrids to Mexico.