Ford's Commitment to American Manufacturing
Ford CEO Jim Farley emphasized the company's long-standing commitment to American manufacturing, stating that they never left the US and instead continued to invest in domestic production. He expressed support for President Trump's efforts to promote American manufacturing, suggesting that the creation of more plants like the one in Kentucky could have a transformative impact on the industry.
Executive Order on Tariffs
President Trump signed an executive order aimed at reducing the tariff burden on US automakers. The order prevents companies that are already paying tariffs from being hit with additional duties on steel and aluminum, potentially providing relief to the industry and supporting domestic manufacturing efforts. This move aligns with the president's goal of promoting American manufacturing and creating more jobs in the sector.