Ford exec says automaker is working with Trump on tariffs, 'in a good position' for US production [FOX Business Network]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: FOX Business Network
The president of iconic American automaker Ford's Blue and Model e production implied that the company is cool, calm and collected when it comes to doing business under President Donald Trump's recently enacted tariffs. "We assemble more U.S. vehicles and we employ more U.S. hourly autoworkers than any other [original equipment manufacturer]. And we want to do more, not less, here in the U.S.," Andrew Frick said on "Varney & Co." Friday. "You know, 80% of what we sell in the U.S. is assembled right here in the United States. And it would be helpful to have certain parts here in the U.S.," he continued, "and the White House gets that." Last week, President Trump announced new tariffs on auto imports during a press conference at the White House, saying he will impose a 25% tariff on all imported autos, up from 2.5% previously. This went into effect on Wednesday's "Liberation Day," when reciprocal tariff plans were also enacted. As a result, the stock market suffered a steep two
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