Ford CEO welcomes relief on tariffs but says more work is needed on trade policies to spur growth

(30 Apr 2025)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
Louisville, Kentucky – 30 April 2025
1. Mid shot of the 2025 Expedition SUVat the Ford plant in Kentucky.
+++PART COVERED+++
2. SOUNDBITE (English) Jim Farley, Ford CEO:
"The changes this week on tariff plans will help ease the impact on tariffs for automakers , suppliers, and consumers."
3. Mid shot of a worker assembling a vehicle engine at Ford’s Kentucky plant.
++COVERED++
4. SOUNDBITE (English) Jim Farley, Ford CEO:
"Because of the relief, it gives us the opportunity, depending on how competitors act this summer to add more production. You know, there’s significant enough that, you know, because we have such a high percentage of local made vehicles and our competitors don’t, these reliefs could result in extra jobs."
5. Wide shot of Ford assembly line machinery in Kentucky plant.
6. Wide shot of partially assembled Ford vehicle on the production line at Kentucky plant.
++PART COVERED++
7. SOUNDBITE (English) Jim Farley, Ford CEO:
"The question is whether we would shift our supply chain because of tariffs. You know, the answer is that we make 80% in the US, so it’s not, it’s not a significant deal for us and maybe some of our domestic competitors import a lot and certainly our import competitors."
8. Wide shot of a worker operating machinery on the Ford assembly line in Kentucky
++COVERED++
9. SOUNDBITE (English) Jim Farley, Ford CEO:
"We need to continue to work closely with the administration on a comprehensive set of policies to support our shared vision of that healthy and growing auto industry. And we are not there yet."
10. Mid shot of a worker assembling vehicles on the Ford production line in Kentucky
11. Close up of the Ford 2025 Expedition SUV
12. Wide of a the Ford Kentucky assembly plant with an American flag and a Ford 2025 Expedition SUV moving
STORYLINE:
Ford Motor Co. unveiled the 2025 Expedition SUV as it opened its Kentucky truck plant for a media tour Wednesday, showcasing its synchronized assembly lines.

The event comes a day after President Donald Trump signed executive orders to ease some of his 25% tariffs on automobiles and auto parts.

Speaking at the event, Ford CEO Jim Farley praised the decision.

“The changes this week on tariff plans will help ease the impact of tariffs for automakers, suppliers and consumers,” Farley said. “But this is what we really care about. We need to continue to work closely with the administration on a comprehensive set of policies to support our shared vision of that healthy and growing auto industry. And we are not there yet.”

While Ford touts its domestic production, the automaker continues to import vehicles and parts from Mexico and engines from Canada.

As discussions on trade and domestic production continue with Trump’s administration, Farley called for policies that encourage exports and reward companies like Ford that export American-produced products.

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