Donald Trump has been quick to take credit for a decision by Ford to scrap a new plant in Mexico and instead create 700 new jobs in Mexico.

He tweeted a comment from Ford chief executive Mark Fields that the decision was a “vote of confidence” in the pro-growth policies Mr Trump has vowed to pursue.

But Mr Fields, has revealed that market conditions were much more of a factor in the company’s decision.

Thank you to Ford for scrapping a new plant in Mexico and creating 700 new jobs in the U.S. This is just the beginning – much more to follow

— Donald J. Trump (@realDonaldTrump) January 4, 2017

“The bottom line is we’re not seeing the volume and the demand that we expected for that plant,” he told NBC.

“We’re looking at our capacity and saying, ‘you know what, we can build that in an existing facility and use capacity that we already have’.”

“Over the last couple of years we’ve seen small cars markedly decline. Every year we’re looking at our capacity. We’re looking at our forecast for demand. It became very clear that we didn’t need this plant.”

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