Ford CEO says Trump’s tariff changes are helpful, but still not enough

Louisville, Ky. – The postponement of President Donald Trump for automotive parts rates is useful, but more changes are still needed to help car manufacturers and grow the United States automotive industry, Ford motor CEO Jim Farley said Wednesday.

The new actions, which Trump signed in action through an executive order on Tuesday, reimbursed car manufacturers some US pieces and reduce the “stacking” of tariffs with each other for the industry.

The changes on Tuesday occurred after the supplications of the automotive industry of relief in the midst of regulatory uncertainty over Trump’s rates, including 25% in imported vehicles in the US. UU. And one next 25% in automotive parts before May 3.

“The changes this week in rates plans will help facilitate the impact on tariffs for car manufacturers, suppliers and consumers, but … we need to continue working in close collaboration with the administration in a comprehensive policy set to support our shared vision of that healthy and growing automotive industry, and we are not there yet,” Farley said during a launch event for the 2025 expedition for the company Kentucky Truck Plant.

Farley said that it is “essential” for US policies to encourage exports and rewards companies, such as Ford, for their US production.

“Many of the vehicles we build here are exported throughout the world. Should we not get credit for that?” Farley said. “Those are US works and we have to continue working on affordable pieces to ensure that these supply chains promote internal growth and affordable vehicles in our country.”

Ford, which is the largest producer of vehicles in the United States, says it is a net exporter of parts and vehicles based on the total value of the goods, and almost a net exporter per vehicle. A net exporter means that a company exports more than matters.

Farley presented a series of scenarios of “what would happen if” regarding the impact for the US automotive industry and the United States if competitors coincided with Ford manufacturing operations. He said such actions would mean an increase of 4 million vehicles per year, 15 new manufacturing plants and more than 500,000 new manufacturing jobs in the United States.

“Imagine if companies that import all vehicles in the United States treated US manufacturing as Ford,” said Farley, whose company still matters a notable amount of vehicles and pieces from Mexico, Canada and China.

25% tariffs in imported vehicles in the US will continue, but the new measures aim to reduce the level of general rate that had resulted from separate encumbrances, such as additional 25% tariffs on steel and aluminum, “stacking” one on top of each other.

According to the order, additional 25% tariffs in the car that began on May 3 will also enter into force, but vehicles that pass through the final assembly in the US. UU. They can qualify for partial refunds in those taxes for two years.