HomeEconomyCommercial War: Ford "adjusts" its exports to China due to customs tariffs

Commercial War: Ford “adjusts” its exports to China due to customs tariffs

The American manufacturer Ford will reduce their car deliveries to China, due to customs duties imposed by the two countries, according to the Wall Street Journal.

Less American cars in China. The Ford car manufacturer said on Friday, April 18, that it has “adjusted” its exports of vehicles from the United States to China on Friday, April 18, where it also has assembly chains, in the context of customs tasks established by the two economic powers.

In the last ten years, the Dearborn Group (Michigan) has sold around 240,000 vehicles exported from the US territory in China, but only 5,500 in 2024.

Stop for deliveries of 3 car models

According to the Wall Street Journal, citing sources close to the file, Ford has stopped sending its F-150 Raptors trucks, its Mustang cars and its bronco SUVs that are assembled in Michigan, as well as its navigator Lincoln made in Kentucky.

The president of the United States, Donald Trump, has inflicted the customs of Chinese imports of up to 145%, only 25% for vehicles and spare parts, adding to 20% pre -existing. In retaliation, Beijing added additional customs tariffs of 125% in American vehicles.

An Fructor F-150 costs almost $ 100,000 in China, WSJ sources said. According to its latest annual report, Ford sold 442,000 vehicles in 2024, against 467,000 in 2023 and 495,000 in 2022. Specifies having a market share of 1.6% in 2024, against 2.1% in 2022.

Activities in both countries

The group has several assembly lines in China, particularly in the context of common companies with local businesses, for their Ford (Transit, Ranger, SUV) and Lincoln brands, and for engines and transmissions.

Part of the production of these sites in China is also exported to other markets. The copies of Lincoln Nautilus also go to the United States, says the WSJ and, therefore, will be affected by the new US customs duties.

During a financial conference on April 16, the former financial director who has just become vice president, John Lawler, said that China had contributed to the “$ 900 million” to the operational benefit of Ford in 2024.

Author: MC with AFP
Source: BFM TV

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