Fear of tariffs
Ford donates $1 million for Trump’s inauguration
Following other major US corporations such as Amazon and Meta, Ford has also announced a donation for the inauguration celebrations of the new US President Donald Trump.
The car manufacturer is contributing one million dollars (962,463.91 euros) and providing a fleet of vehicles, a spokesperson announced on Monday. Trump's planned tariffs on imports from Mexico and Canada and a halt to tax breaks for electric cars could affect US car manufacturers such as Ford.
A few days ago, CEO Jim Farley expressed confidence that he would be able to get the Republican to listen to his company's point of view. Farley referred to Ford's role in employment and its importance for the US industry.
Trump has remained silent so far
No statement from Trump or his transition team was initially available. The businessman received record donations of 106.7 million dollars for his first inauguration in 2017. Current President Joe Biden collected 61.8 million dollars for his 2021 celebrations, including from Pfizer, AT&T and Boeing.
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