During a recent appearance on Fox News Channel's "Ingraham Angle," Ford CEO Jim Farley expressed optimism about the prospects for a more equitable competitive landscape in the automotive industry.
He emphasized the need to address tariff-related issues to prevent cost increases for vehicle parts manufactured abroad, which could ultimately impact vehicle pricing.
Farley conveyed his appreciation for President Trump's leadership, stating, "Im very grateful for the presidents leadership and the chance to work with his administration to compete on a fair playing field."
According to Breitbart, Farley highlighted the longstanding challenges posed by non-tariff barriers and tax policies in other countries, which often favor foreign competitors. He remarked, "They know how important auto is to jobs in their country. And they are going to do everything they can to help those competitors. And its high time for us in our country to get serious." Farley remains hopeful that ongoing discussions with the administration will yield a fairer competitive environment, describing it as "the biggest fight weve ever seen in the auto industry in forty years."
Host Laura Ingraham raised concerns about the potential impact of tariffs on the cost of auto parts essential for assembling vehicles in the United States. Farley acknowledged the significance of this issue, stating, "Im really glad you asked this question, because this is really the essential point of working closely with our leaders in D.C. on the details, because the details matter greatly." He elaborated on the complexity of the situation, noting that American-made vehicles comprise thousands of parts, some of which are specialized and sourced internationally. Farley expressed optimism about finding a balance that maintains affordability while strengthening the industry and creating jobs in the future.
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