Home » Why Trump’s tweaks to tariffs continue to be a ‘Twilight Zone’ for Detroit’s automakers

Why Trump’s tweaks to tariffs continue to be a ‘Twilight Zone’ for Detroit’s automakers

Why Trump’s tweaks to tariffs continue to be a ‘Twilight Zone’ for Detroit’s automakers

FordCEOJimFarleystatesthatPresidentTrump’sexecutiveordersonautotariffsoffersomerelief,butisinsufficienttopreventvehiclepriceincreases.Theorderprovidesatemporaryreimbursementfortariffsonimportedparts,buttheoffsetissignificantlylessthanthetotaltariffcost.Automakersexpressconcernoverthecomplexityandpotentialimpactofthetariffs,withsomesuspendingfinancialguidance.ThemorningafterPresidentDonaldTrumpsignedanexecutiveorderofferingautomakerswhathecalled“alittlebitofhelp,”ontariffs,FordCEOJimFarleytooktoAmerica’sairwaves—speakingfromFord’sfactoryfloorinLouisville,Kentucky—tosaythepresident’sactionclarifiedsomeissuesaroundtariffs,butdidnotgonearlyfarenoughtohelpautomakerskeepvehiclepricesincheck. “Boy,dowehavealotofworktodowiththeadministration,”FarleybluntlytoldCNN’sErinBurnett onApril30. FarleysaidtheDearborn-basedautomakerhasadirectline