Lutnick Says Trump Auto Tariffs Bringing Thousands of Jobs to US

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Commerce Secretary Howard Lutnick said President Donald Trump's Section 232 auto tariffs are bringing thousands of manufacturing jobs back to the United States. In a Fox Business interview, Lutnick cited Ford Motor Co.'s decision to move Lincoln production to the U.S. in 2030 and Toyota Motor Corp's expansion of U.S. manufacturing, including Tacoma and Tundra truck production in San Antonio, Texas, and Kentucky. He said companies are training young people right out of high school for high-tech manufacturing jobs at wages starting around $23 an hour. Ford CEO Jim Farley said tariffs were a big part of the decision to build some Lincoln models domestically, noting the Lincoln Nautilus imported from China faces a 52.5% tariff.

Impact on assets 2

Electrification & Mobility▲ · 2 stocks
Ford Motor Company
F
▲ PositiveTariffrelevance

Ford moves Lincoln production to US due to tariffs, bringing jobs.