Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Ford Motor Co. is reportedly preparing to move production of some Lincoln models from China to the U.S. beginning in 2030, as high Trump tariffs and tighter restrictions on Chinese vehicle technology reshape the automaker's production strategy. According to a report by on Wednesday, CEO Jim Farley confirmed in an interview with the news agency that the Lincoln Nautilus SUV imported from China attracted a 52.5% tariff and that Ford will begin shifting production of some Lincoln vehicles into the U.S. starting in 2030, the report said.
Ford did not immediately respond to Benzinga's request for comment. A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Still Learning the Market?
These 50 Must-Know Terms Can Help You Catch Up Fast "We made this decision as soon as the policy of the administration was set," Farley said in the report, while also touting the automaker's domestic production capabilities. Domestic manufacturing has an edge," U.S Commerce Secretary Howard Lutnick said, according to the report. Rules surrounding Chinese technology in vehicles sold in the U.S. also prompted this shift in production strategy, according to the report.
According to an official statement by Ford on Wednesday, Farley said that "Ford builds in America because we believe in America, and we're betting on that belief again." The statement also said that "Lincoln will phase out the importation of vehicles from China for the U.S. market." Trending: Avoid the #1 Investing Mistake: How Your 'Safe' Holdings Could Be Costing You Big Time Earlier, during Ford's second-quarter earnings call, Farley had backed a renewed U.S.-Mexico-Canada Agreement (USMCA), calling it a "critical" element in Ford's business model. Farley said that an "improved USMCA could be a great opportunity for the industry." The automaker also recently named its sub-$30,000 EV pickup truck, calling it the Fathom electric pickup truck. "We named it Fathom because real depth comes from deeply understanding how you live," according to an official statement by the automaker.
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