Wed Feb 12 00:13:38 UTC 2025: ## Ford CEO Slams Trump-Era Trade Policies as Costly and Chaotic
**DETROIT –** Ford Motor Company CEO Jim Farley criticized the Trump administration’s trade policies Tuesday, calling them a source of significant cost and uncertainty for the automaker. Speaking at a financial conference, Farley cited the administration’s fluctuating tariff plans on Mexico, Canada, steel, and aluminum as major disruptions.
While President Trump frequently touted strengthening US manufacturing, Farley argued that the unpredictable tariff threats, including the now-suspended 25% tariffs on Mexican and Canadian imports, created an unfair advantage for foreign automakers. He noted that although Ford sources much of its steel and aluminum domestically, the threat of tariffs – even rumored ones – drives up prices due to market speculation and reliance on international supply chains for suppliers.
Further compounding the issue, Farley expressed concern over the potential rollback of the Biden administration’s Inflation Reduction Act (IRA), which includes crucial tax incentives for electric vehicle (EV) purchases and manufacturing. An executive order from Trump’s first day in office hinted at the potential elimination of these credits. Ford has already invested heavily in EV production facilities across several US states, with Farley warning that many jobs are at risk should the IRA be significantly altered or repealed.
In conclusion, Farley stated that while Trump aimed to strengthen the US auto industry, the reality has been characterized by significant costs and widespread uncertainty, impacting Ford’s operations and future investments.
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