The mainstream media is hellbent on ruining President Trump’s reputation. Their latest ploy has been blaming him for Ford Motor’s recent announcement of layoffs within the company. The liberal media claimed that Trump’s tariffs were to blame.
A spokesperson for Ford spoke to Watchdog.org, however, and explained that the whole thing is a “mischaracterization.”
The most recent job cuts will have an impact on salaried employees only. Manufacturing employees will not be affected. The spokesperson also explained that it has nothing to do with President Trump’s tariffs.
“The reports you have read about our organization redesign work being related to external forces such as tariffs are incorrect,” Ford Motor Company spokeswoman Karen Hampton explained to Watchdog.org.
She continued, “This is a global effort and not specific to the U.S. We began this effort recently as part of our CEO’s work to make us a faster, more nimble, more innovative company.”
Western Journal reports that Hampton explained that she wished the mainstream media who had published articles blaming Trump had spoken to Ford prior to publishing false information.
The company released a statement explaining that the restructuring changes will have no impact on manufacturing jobs or hourly workers whatsoever. The only employees who will be effected by the changes are those in “global salaried positions.”
These changes are meant “to support the company’s strategic objectives, create a more dynamic and empowering work environment, and become more fit as a business.”
Western Journal reports:
Ford has not yet released the specific number of employees that will be lost, but said it will reveal more specifics when the time is appropriate.
Although Trump’s tariffs are not causing these layoffs, some analysts have suggested that Trump’s tariffs will force Ford and other automakers to lay off autoworkers if trade deals are not reached.
Ford has lost about $1 billion as a result of the international trade war, according to reports, and Morgan Stanley predicted Ford would have to lay off about 12 percent of its global workforce, which is 24,000 people. Ford’s stock was down 29 percent in afternoon trading.
Ford’s and other automakers’ predicament are predominantly being caused by rising steel and aluminum prices, which are a result of the trade war with other nations.
Numerous automobile production companies have praised President Trump’s recent trade deal with Mexico and Canada. Ford was one of those companies.
The automotive company has explained that they support policies which reduce trade barriers.
The economy of Michigan is effected by tariffs in a special way because exports and imports with other countries make up 40 percent of the state’s GDP.
“It is clear from the global trade experience, scholarly evidence and economic theory that tariff increases would likely cost us more jobs than we might gain from them,” the Mackinac Center’s Senior Director of the Morey Fiscal Policy Initiative Michael LaFaive explained to Watchdog.org.
“To the Trump Administration’s credit, they have made as a stated goal eliminating tariffs and subsidies and other barriers to worldwide free trade,” LaFaive continued. “That is great, but in the meantime the tariffs imposed already appear to be raising the cost of doing business for many American job providers, and with some unfortunate consequences.”