Ford rules out USA production of Focus Active

Ford rules out USA production of Focus Active

The euro was up 0.45 percent to $1.1603, and the gap between yields on Italian and more creditworthy German bonds fell to the narrowest in a month.

Trump warned on Friday that he was ready to slap tariffs on virtually all Chinese imports into the United States, threatening duties on a further $267 billion of goods.

President Donald Trump insists his trade war with China will spur more manufacturing jobs in the U.S. Two of the companies he's targeted - Apple Inc. and Ford Motor Co. - disagree.

Kristin Dziczek of the Center of Automotive Research says there's simply no motivation for Ford to build the Focus Active in the U.S now.

Apple said its MacMini, a low-cost computer that comes without a keyboard or mouse, would be affected. The vehicle will be built in both Chongqing, China, and Saarlouis, Germany, a Ford spokesman said in an interview on Monday.

Dell added that the tariffs on desktops/servers, computer parts, network switches could result in "serious damage" to the company and its employees.

And, according to BOA Merrill Lynch analyst Wamsi Mohan, Apple may just give in to the president's request by asking its partners to bring some iPhone assembly operations into the USA, which will lead to higher prices. Recently though, the Trump administration, as a part of its trade war with China chose to impose a heavy 25 per cent tariff on all cars imported from China.

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The result of moving all final iPhone assembly into the United States will result in a 20% price increase on the smartphones, said the bank. The company also said tariffs on wearable products would not effectively advance the administration's goals.

The automaker emphasized that it already has a substantial manufacturing presence in the U.S. USA crude futures were up 44 cents at $68.20 per barrel and Brent crude futures added 52 cents to $77.35 a barrel.

Office Depot said the tariff proposal, which covers non-household seating and furniture it sells, would lead to huge supply chain disruptions and a likely loss of jobs.

"Here in the U.S., Ford has really been a truck company", as NPR reported in April.

This binary approach, said Reade, was potentially a legacy of Trump's background in real estate and narrow focus on the "deal".

Trump has told Apple that it will be hit by his trade war with China and be taxed unless it ups sticks and moves back to the United States. Loop Ventures estimates that only about 5% of Apple's manufacturing takes place in the USA today. "In addition, Ford is growing its USA vehicle lineup - including introducing all-new trucks, utilities, hybrids and fully electric vehicles - and is committed to returning operating margins to 10 percent in North America".

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