Trump administration criticizes Ford for business ties with Chinese companies
The Trump administration has criticized Ford Motor Company (F:NYSE) over its licensing agreements with two major Chinese firms, battery manufacturer Contemporary Amperex Technology Co. Limited (CATL) and automaker Geely Holding Group. U.S. Transportation Secretary Sean Duffy expressed concern in a letter to Ford about the company's reliance on technology from these entities. Ford responded by calling the administration’s stance “wrongheaded” and accused officials of seeking media attention rather than addressing substantive issues. This comes months after Trump-era policies led to restrictions against Polestar, an EV brand owned by Geely, which was barred from selling vehicles in the U.S. The dispute highlights growing tensions around foreign business relationships under current administration scrutiny.
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Topics: automotive industry Trump administration U.S.-China trade