Ford Stock Falls. CEO Farley Says Trump Tariffs Will Damage U.S. Auto Industry. - Barron's
1. CEO Jim Farley opposes tariffs on Canadian and Mexican imports. 2. Tariffs could wipe out billions in industry profits and U.S. jobs. 3. 80% of Ford vehicles sold in the U.S. are domestically produced. 4. Farley questions unfair tariff policies favoring foreign competitors. 5. The auto industry heavily relies on parts from Canada and Mexico.