Commerce Secretary Howard Lutnick hailed President Donald Trump's tariffs on the automotive sector, touting them as a move that will strengthen the U.S.'s domestic manufacturing sector.
Howard Lutnick Touts Thousands of Jobs, Ford's Lincoln Pivot In an interview with Fox Business on Thursday, Lutnick said that the Section 232 auto tariffs were "winning the day" at the Monterey Car Week in Monterey, California.
"These tariffs are bringing auto manufacturing home," Lutnick said.
Read Also: QUICK SPARK: Trump's Tariff Refunds Are Massive — And Hitting Balance Sheets He also hailed Ford Motor Co.'s (NYSE:F) decision to move production of Lincoln vehicles to the U.S. in 2030.
"Ford is going to rock us with bringing manufacturing back to America." Lutnick also hailed Toyota Motor Corp's (NYSE:TM) plans to expand U.S. manufacturing "All their trucks, their Tacoma, their Tundra, they make these trucks in America," and he was impressed by the automaker's facilities in San Antonio, Texas, and in Kentucky.
