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Ford can only afford to give up on cars because of American protectionism

Ford can only afford to give up on cars because of American protectionism

In 1963, the US launched what remains among the biggest trade barriers on its books: a 25% tariff on foreign trucks, in retaliation against European duties on American chickens. Now, you might say, the effects of this infamous “Chicken Tax” have come home to roost. Ford, the company that pioneered the planet’s first mass-market car,…