Ford CEO Calls for USMCA Revision to Level Playing Field for U.S. Automakers
On July 28, 2026, during Ford's Q2 earnings call, CEO Jim Farley emphasized the need for a revised United States-Mexico-Canada Agreement (USMCA) that protects American automakers from unfair competition by Japanese and South Korean rivals. He highlighted how these competitors benefit from strong local supply chains, weaker currencies, and lower tariffs, giving them an advantage over U.S.-based manufacturers like Ford. Farley stressed the importance of ensuring any USMCA revisions do not harm domestic producers but instead create a fairer competitive landscape for North American automakers. He also linked this trade issue to Ford's recent labor agreement in Canada with Unifor, which helps maintain operations at its Oakville plant and reinforces his argument about the deal’s significance. Ford reported $48.3 billion in Q2 revenue despite supply chain issues affecting production levels. Adjusted operating profit rose 17% year-over-year to $2.5 billion, with improved vehicle quality and a stronger mix of high-margin models like Bronco and Raptor contributing significantly.
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Topics: automotive industry executive commentary international trade USMCA