Ford says he spoke with U.S. Commerce Secretary Howard Lutnick about auto tariffs [BNN Bloomberg (Canada)]
Ford Motor Company (F)
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Source: BNN Bloomberg
The call took place just before 11 p.m. and lasted for upwards of 25 minutes, Ford told reporters at Queen's Park. During the phone call, Ford said that Lutnick outlined the contents of U.S. President Donald Trump's executive order announced just hours before. Ford said that Lutnick also claimed that a tariff on imported vehicles would not result in any plant closures, something the premier said he doesn't personally believe. “It was a very productive conversation last night but in saying all that we need to retaliate,” Ford said on Thursday. “I just got off the phone with the Prime Minister. He agrees 100 per cent we need to retaliate but both the Prime Minister and myself agree let's not do this until April 2 and we see what is coming.” The premier's office has said that vehicles made up of at least 50 per cent U.S. parts will not be subject to the tariffs. All other vehicles will face a reduced tariff of 12.5 per cent on the non-U.S. made components of those vehicles.
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