The move is directed at a Chinese terminal operator responsible for importing tens of millions of barrels of Iranian crude.
The president spoke to an audience of thousands in the world’s largest community of senior citizens.
The president’s order imposes new restrictions and targets anyone complicit in human rights violations.
As of April 10, Ford said it had received 60 warranty claims and one field report related to the issue, with no injuries or accidents reported.

The board would oversee trade in everyday commercial goods that do not involve national security.
The U.S. government warned on Friday that even charities are not exempt.
It’s part of a series of actions by the Trump administration aiming to prevent illegal immigrants from obtaining taxpayer benefits or preferential treatment.
Updated regulations aim to enhance safety and oversight.
‘Our state government and political system are broken,’ the lawmaker said, adding that the best way to continue her fight is from outside the government.
‘The Chinese military has conducted research into cable‑cutting technologies,’ said Sen. Jim Risch.
The Supreme Court on April 29 struck down a map creating a second black-majority congressional district in Louisiana.
The federal agent was injured during an alleged assassination attempt at the White House Correspondents’ Dinner in Washington.
The department had been partially shuttered for 76 days, resulting in long Transportation Security Administration lines at airports nationwide.
The rule, which received unanimous approval, was designed to stop lawmakers and their staffers from insider trading.
Allen’s attorneys said he will no longer oppose his detention, for now.
They are alleged to have taken part in a conspiracy to export “massive amounts” of cocaine, heroin, methamphetamine, and fentanyl into the United States.
Iran’s hold on the waterway causes international pain while U.S. Navy’s worldwide hunt for ’shadow fleet' tankers is aimed only at Iran.
The royal couple visited the waterfall pools located where the World Trade Center’s twin towers once stood.
Friedrich Merz had earlier said that the United States had been ‘humiliated’ by Tehran after U.S. officials agreed to travel to Pakistan for peace talks.
‘The results of this study are encouraging,’ the commissioner of the agency said.