From CNBC: 2025-04-30 14:59:00

Ford Motor CEO Jim Farley praised President Donald Trump’s decision to provide relief to automakers from automotive parts tariffs but emphasized the need for further changes to support the U.S. auto industry. The new actions aim to reduce the impact of tariffs on automakers, suppliers, and consumers, but more comprehensive policies are necessary. Farley highlighted the importance of encouraging exports and supporting American production to promote domestic growth and affordable vehicles in the country. Ford, the largest producer of vehicles in the U.S., is a net exporter of parts and vehicles, contributing to American jobs and economic growth. Farley outlined potential scenarios that could significantly benefit the U.S. auto industry if competitors followed Ford’s manufacturing operations, leading to increased vehicle production, new manufacturing plants, and job creation. Despite ongoing tariffs on imported vehicles into the U.S., the new measures aim to lower the overall tariff level by addressing stacking tariffs and providing partial reimbursements on auto parts for vehicles assembled in the U.S.



Read more at CNBC: Ford CEO says Trump’s tariff changes are helpful, but still not enough