Ford Motor Company has sounded the alarm: the automaker is bracing for a potential $1.5 billion hit to its profits this year due to U.S. President Donald Trump's tariff policies. With supply chain disruptions and shifting tariff rules stirring the pot, Ford has decided to suspend its 2025 performance forecast.
The company cited a mix of near-term risks — from possible future tariff increases and adjustments, to policy uncertainties in tax and emissions — that could broadly impact the industry. Despite an overall sales dip of 1.3% to 501,291 units in the first quarter, retail sales surged by 5%, led by strong demand for trucks, SUVs, and electric vehicles 🚗⚡. Customers seemed to rush to the market ahead of the full impact of the tariffs.
This development highlights the challenges faced by automakers as they navigate a turbulent economic landscape. Ford's cautious outlook serves as a reminder that even top brands must adapt quickly in times of policy shifts and market uncertainty. Stay tuned as we follow this unfolding story in the auto world!
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Ford warns of $1.5 billion profit loss due to Trump's tariffs
cgtn.com
