Ford's top executive is welcoming revisions to auto import rules but says more work is needed to craft trade policies that spur growth in the U.S. auto industry.

Ford Motor Co.’s chief executive officer said the tariff relief President Donald Trump extended to automakers is “reasonable” and “the right thing to do” while indicating more is needed to fully address the impact of his levies.

Ford Chief Executive Jim Farley said Wednesday that President Trump’s tariff changes help but don’t go far enough. On Tuesday, President Trump announced [changes to tariffs on auto parts that go into