The two American car companies are among the top exporters of U.S.-produced vehicles to China along with BMW and Daimler/Mercedes-Benz, according to industry data obtained by CNBC.
in Shanghai, China. The company broke ground on the $2 billion factory in January. It is expected to be begin production by the end of the year.
Ford declined to comment on the direct impact of the 25% tariff but said the company "is the leading exporter of vehicles assembled in the U.S. and we are uniquely a net exporter to China." John Bozzella, who chairs the ad-hoc group "Here for America" that includes VW, Daimler and BMW, said the "tit-for-tat tariffs, absent any meaningful negotiations, are damaging to the American auto industry."
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