During an event commemorating the launch of the redesigned Expedition SUV at Ford’s Kentucky Truck Plant on April 30, Ford CEO Jim Farley said that the Blue Oval still wants lower tariffs on imported car parts while also praising the changes that President Donald Trump made to help automakers and their customers.

"We are not there yet," Jim Farley said during event at Kentucky Truck Plant marking the launch of the fifth-generation Ford Expedition full-size SUV.

Ford CEO Jim Farley said it's "essential" for U.S. policies to encourage exports as well as reward companies, such as Ford, for their American production