"The conclusion was for the iPhone (not now impacted by Tariffs) moving production (100% of final assembly) to the USA would need 20% price increases to offset the incremental labor costs", wrote BofA.
That would cover virtually all the goods the United States imports China.
The company said the administration should remove "critical components" such as parts of refrigerators and mixers from the proposed list and add finished products such as dishwashers to mitigate negative impact on USA manufacturing.
In August, Ford announced it had kill its plan to import the new Focus, citing Trump's tariffs on Chinese imports as the reason for the maneuver. China has warned that it would retaliate with import taxes on $60 billion worth of US goods.
In a Sunday statement replying to the tweet, Ford said "it would not be profitable to build the Focus Active in the U.S." given forecast yearly sales below 50,000. "Ford is proud to employ more USA hourly workers and build more vehicles in the US than any other automaker".
Writing this spring, vehicle and Driver described the Focus Active as "a four-door Focus hatchback with a 1.2-inch suspension lift, black plastic around the wheel arches, faux skid plates at front and rear, and a slightly different front bumper and grille design".
Ford had planned moving Focus production to its proposed $1.6 billion plant in San Luis Potosi, Mexico in 2017 but scrapped the idea after the future of the North American Free Trade Agreement began to look less promising.
Ford already announced earlier this year that it would reallocate $7 billion of research and development funds from cars to SUVs and trucks. If China sells a vehicle into the USA, there is a tax of 2%. "That's mostly the F-150". Ford rejected Trump's suggestion, saying it wouldn't be profitable.
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The Focus Active was meant to take the place of the Ford Focus in the US because Ford is phasing out the entry-level auto as it shifts its production to pickups and SUVs.
Ford spokesman Michael Levine said the Focus Active is built in Europe.
For example, every Buick Envision sold in the U.S.is made in China.
They have tried to minimize the blow to China's economy by picking US goods for which alternatives are available elsewhere, such as soybeans from Brazil, natural gas from Russian Federation or pork from Germany.
Other tech companies have expressed concern, too. The company also said tariffs on wearable products would not effectively advance the administration's goals.
The company said about 80% of the vehicles Ford sells in the United States are built domestically.
Meanwhile, Trump has also imposed tariffs on imports from Canada, Mexico and the European Union, prompting more retaliatory tariffs. In January, the company also announced its "direct contribution" to the USA economy through investments and other spending would exceed $350 billion over the next five years, while it would establish a new Apple campus to house technical support for customers.
Trump was not pleased with the news, urging the company to "be patient" in the face of financial fallout from his policies.