Ford Motor CEO Jim Farley speaks during a launch event for the 2025 Ford campaign in Louisville, Kentki on 30 April 2025.
Michael Wiland | CNBC
Louisville, Kentki – Chairman Donald TrumpLet’s reprimand Motor Vehicles Parts Tariff Helpful, but the help of vehicle manufacturers and to increase the American auto industry still requires more changes, Ford Motor CEO Jim Farley said on Wednesday.
New tasks – which Trump signed in action through an executive order on Tuesday – reimbursement of vehicle manufacturers for some American parts and reduce the “stacking” of tariffs on each other for the industry.
Came after Tuesday’s change Argument with motor vehicle industry For relief amid regulatory uncertainty around Trump’s tariff, which includes 25% on imported vehicles in the US and 25% on motor vehicle parts by May 3.
“This week’s change on tariff schemes will help reduce the impact on tariffs for vehicle manufacturers, suppliers and consumers, but … we need to continue working together with the administration on a comprehensive set of policies to support our shared vision of that healthy and growing auto industry, and we are not there yet.”
On 30 April 2025, an worker at Ford’s Kentki Truck Plant.
Michael Wiland | CNBC
Farley said that it is “necessary” to encourage reward companies, such as Ford, for exports to American policies. American production,
“Many vehicles we built here are exported worldwide. Will we not get credit for it?” Farley said. “They are American jobs and we have to work on affordable parts to ensure that those supply chains promote domestic development and affordable vehicles in our country.”
Ford, which is the largest producer of vehicles in the US, says it is a net exporter of parts and vehicles based on the total value of the goods, and is almost pure exporter based on per vehicle. A pure exporter means that a company exports more than imports.
Faraley has many “if” the American auto industry and the impact of the United States, if the contestants matched Ford’s manufacturing works. He said that such tasks mean growth of 4 million vehicles per year, 15 new manufacturing plants and over 500,000 new manufacturing jobs in the US
“Imagine if all vehicles importing all vehicles in the US treat American manufacturing like Ford,” said, “the company still imports a remarkable amount of vehicles and parts from Mexico, Canada and from Mexico, Canada and. China,
Tariffs of 25% on imported vehicles in the US will continue, but the purpose of new measures is to reduce the overall tariff level, which resulted in separate levy – such as an additional 25% tariff on steel and aluminum – “stacking” on top of each other.
Under the order, an additional 25% tariffs on auto parts starting by May 3 will still be effective, but vehicles passing through the final assembly in the US will be able to qualify for partial reimbursement on those levies for two years.
