Ford CEO Farley Seeks Exemption on Tariffs, Invites Musk to Michigan

Ford CEO Jim Farley recently expressed an optimistic outlook on the tariffs imposed on imported automobiles by the Trump administration during an interview on Fox News. He indicated that these tariffs could allow Ford to capture market share from foreign competitors if they create a level playing field. However, Farley raised concerns about the impact of tariffs on the thousands of imported parts necessary for Ford's manufacturing process, emphasizing the need for exemptions to keep vehicles affordable. He highlighted that maintaining affordable parts is crucial to both the industry and job growth. Farley's comments marked a shift from his earlier warnings about tariffs potentially harming the auto industry, as he seeks collaboration with government leaders to navigate the complexities of trade policies. His remarks align with Ford's recent campaign offering employee pricing on most vehicles, aiming to boost sales amidst these changes.