Ford CEO Farley urges USMCA changes to favor U.S.-built vehicles, penalize heavy importers

According to CNBC, Ford Motor CEO Jim Farley said he wants reopened USMCA negotiations to create a more level playing field by rewarding automakers that largely build vehicles in the U.S. and imposing greater penalties on companies that rely heavily on imported vehicles, citing General Motors and Toyota Motor. Industry data showed GM imported 1.17 million vehicles in 2025, or 41% of its U.S. sales, while Toyota imported more than 1.19 million units, or 47% of its domestic sales; Ford said it assembled more than 2 million vehicles in the U.S. last year, including 311,000 for export to more than 60 markets, and imported 378,000 vehicles, or 17%, of its 2.2 million sales. The report said the Trump administration decided not to renew the trilateral pact with Canada and Mexico and instead will conduct annual reviews that could eventually end the agreement by 2036; a consortium of U.S. trade groups representing most automakers, dealers and suppliers voiced support for extending a trilateral deal.