Ford Motor Co. has suspended its full-year financial guidance, citing President Donald Trump’s auto tariffs as a significant factor affecting its profits. The company anticipates that these tariffs will reduce its 2025 adjusted earnings before interest and taxes by approximately $1.5 billion this year. While reporting a first-quarter profit that exceeded expectations, Ford noted the total tariff impact is about $2.5 billion. However, the company plans to offset $1 billion of this through measures like bonded transportation to avoid levies on parts crossing international borders, according to Chief Financial Officer Sherry House.
— new from Bloomberg
