Ford CEO's comments on tariffs and fair competition in the auto industry
Ford CEO Jim Farley is optimistic about having a fair fight in the auto industry but stresses the need to iron out details on tariffs to prevent cost increases in parts made in other nations.
Key Points
- Need to work out details on tariffs to keep parts affordable
- Importance of balancing affordability and industry strength
Pros
- Opportunity for fair competition in the auto industry
- Potential for job creation in the industry
Cons
- Possibility of increased costs for parts made in other countries