The re-election of President Trump has had a noticeable effect on the way many CEOs are running their businesses. Programs to improve diversity, equity, and inclusion are being canceled, and seven-figure checks were sent to his inauguration fund by CEOs like Apple's Tim Cook. The behavior from the Oval Office is mirrored by the rest of the administration, which is why it was a little surprising to see the CEO of a major company speak out against current US government policies. But that's exactly what Ford President and CEO Jim Farley has done.
Speaking at a conference, Farley said that "President Trump has talked a lot about making our US auto industry stronger," but that "so far what we're seeing is a lot of cost and chaos," reported Automotive News.
During the election, Trump promised to enact heavy tariffs on a wide range of imports from countries across the globe. Among those particularly targeted were Canada and Mexico. The two countries share borders with the US and, for many years, were joined in a free-trade association that encouraged US companies to set up factories in Canada and Mexico to take advantage of lower wages.