Ford Motor said Monday that the Trump administration’s tariff policies were likely to lower its 2025 profit, before interest and taxes, by about $1.5 billion. The company also dropped its forecast for the year, saying that predicting the future had become too hard.
Ford is less affected by President Donald Trump’s 25% tariffs on vehicles than other automakers because most of the vehicles it sells in the United States are made in the country. General Motors said last week that the tariffs would increase its costs $4 billion to $5 billion this year.
“We believe we are well positioned to adapt to the changes tariffs are driving in our industry,” Ford’s chief financial officer, Sherry House, said in a conference call.
The company said the administration’s shifting tariff policies had the potential to disrupt to automotive supply chains, and they could force other nations to impose retaliatory tariffs on U.S. exports. It also noted further uncertainty in the Trump administration’s tax and emission policies.
“We felt it prudent to suspend our full-year guidance,” House said.