Farley met with Senators Roger Marshall, Elissa Slotkin, Deb Fischer and many House of Representatives lawmakers after warning this week that tariffs President Donald Trump might impose could be devastating and benefit rival foreign automakers.
The White House did not immediately comment.
Trump on Monday substantially raised tariffs on steel and aluminum imports to a flat 25% “without exceptions or exemptions” effective March 4. Last week, Trump imposed an additional 10% tariff on Chinese goods and he is preparing to soon announce reciprocal tariffs on every country that charges duties on U.S. imports.
“What we’re seeing is a lot of cost, a lot of chaos,“ Farley said on Tuesday at a Wolfe Research conference. “If you look at the tariffs, let's be real honest, long term, a 25% tariff across the Mexico and Canadian border will blow a hole in the U.S. industry that we have never seen.”
Republican lawmakers introduced a pair of bills on Wednesday to rescind EV tax credits and impose a $1,000 tax on new EVs to pay for road repairs.
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