Ford CEO pushes for domestic production advantages as USMCA trade talks reopen
By
Michael Wayland
Summary
Ford CEO Jim Farley is calling for a more level playing field in the reopened USMCA trade negotiations, arguing that automakers like Ford who produce most of their vehicles domestically should be rewarded, while competitors like GM and Toyota that rely more heavily on imported vehicles should face greater penalties. Ford reported assembling over 2 million vehicles in the U.S. last year, more than any other automaker.
Source
bskyFord CEO pushes for domestic production advantages as USMCA trade talks reopencnbc.comKey quotes
· 3 pulledHe told CNBC he wants automakers such as Ford that largely produce their vehicles domestically to be awarded under the deal.
Along with that, Farley said other automakers — such as General Motors and Toyota Motor — that may produce here but also heavily rely on imported vehicles should get more penalties.
"It's imperative that any new agreement makes it easier, not harder, to compete with U.S. maker
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