Ford CEO: Tariffs Give Us a ‘Better Chance,’ But Must Work Out Details on Parts

Ingraham Trump is obviously ░░░░░░░░ annoyed by the fact ░░░░░░░░ our cars don t ░░░░░░░░ into the markets even ░░░░░░░░ countries that our allies ░░░░░░░░ allies economic you know ░░░░░░░░ So will these tariffs ░░░░░░░░ your view help make ░░░░░░░░ situation more competitive abroad ░░░░░░░░ Ford FARLEY Well we ░░░░░░░░ really thrilled to gauge ░░░░░░░░ the White House in ░░░░░░░░ serious discussion about fair ░░░░░░░░ And the Chinese are ░░░░░░░░ the largest exporter of ░░░░░░░░ in our industry and ░░░░░░░░ s very recent phenomena ░░░░░░░░ example over 20 of ░░░░░░░░ sold in Mexico are ░░░░░░░░ in China So this ░░░░░░░░ an incredibly important topic ░░░░░░░░ re very grateful for ░░░░░░░░ president s leadership and ░░░░░░░░ chance to work with ░░░░░░░░ administration to compete on ░░░░░░░░ fair playing field which ░░░░░░░░ tariffs especially those coming ░░░░░░░░ China and also other ░░░░░░░░ partners as you mentioned ░░░░░░░░ really put us on ░░░░░░░░ equal footing so we ░░░░░░░░ compete in our home ░░░░░░░░ in a fair way ░░░░░░░░ Jim we talked about ░░░░░░░░ at the open of ░░░░░░░░ show but it s ░░░░░░░░ just tariffs that put ░░░░░░░░ manufacturers at an unfair ░░░░░░░░ It s the massive ░░░░░░░░ the market manipulation the ░░░░░░░░ of intellectual property There ░░░░░░░░ so many different things ░░░░░░░░ give these industries and ░░░░░░░░ countries whether it s ░░░░░░░░ aluminum automobile pharmaceuticals So ░░░░░░░░ is a broader look ░░░░░░░░ a big problem that ░░░░░░░░ developed really over the ░░░░░░░░ 30 plus years is ░░░░░░░░ not FARLEY I have ░░░░░░░░ in the industry for ░░░░░░░░ years Laura I have ░░░░░░░░ this play out for ░░░░░░░░ decades Whether it s ░░░░░░░░ tariff barriers or tax ░░░░░░░░ in those countries you ░░░░░░░░ we see all of ░░░░░░░░ fair and unfair ways ░░░░░░░░ our competition plays globally ░░░░░░░░ know how important auto ░░░░░░░░ to jobs in their ░░░░░░░░ and they are going ░░░░░░░░ do everything they can ░░░░░░░░ help those competitors And ░░░░░░░░ s high time for ░░░░░░░░ in our country to ░░░░░░░░ serious Now we have ░░░░░░░░ work out the details ░░░░░░░░ the administration and we ░░░░░░░░ doing that but I ░░░░░░░░ very encouraged that we ░░░░░░░░ have a better chance ░░░░░░░░ a fair and square ░░░░░░░░ for the biggest fight ░░░░░░░░ have ever seen in ░░░░░░░░ auto industry in four ░░░░░░░░ Ingraham Jim what about ░░░░░░░░ auto parts that Ford ░░░░░░░░ to assemble the most ░░░░░░░░ in the United States ░░░░░░░░ you said A lot ░░░░░░░░ those are made in ░░░░░░░░ countries Will these tariffs ░░░░░░░░ an effect on you ░░░░░░░░ that regard and then ░░░░░░░░ prices up FARLEY I ░░░░░░░░ really glad you asked ░░░░░░░░ question because this is ░░░░░░░░ the essential point of ░░░░░░░░ closely with our leaders ░░░░░░░░ D C on the ░░░░░░░░ Because the details matter ░░░░░░░░ You know we have ░░░░░░░░ of parts in our ░░░░░░░░ made vehicles and we ░░░░░░░░ to keep them as ░░░░░░░░ as possible Some of ░░░░░░░░ parts like wiring looms ░░░░░░░░ others are specialty kind ░░░░░░░░ work And as we ░░░░░░░░ through this with the ░░░░░░░░ we re optimistic we ░░░░░░░░ find the right balance ░░░░░░░░ affordability and a strong ░░░░░░░░ where we can add ░░░░░░░░ to the industry in ░░░░░░░░ coming months and years.”