Ford anticipates a $1.5 billion hit to its profits this year due to tariffs, prompting the automaker to withdraw its full-year financial guidance. The company initially projected earnings before interest and taxes between $7 billion and $8.5 billion for 2025 but has suspended its forecast amid uncertainty surrounding tariff policies.
The 25% import taxes imposed by U.S. President Donald Trump on vehicles, steel, and aluminum are putting significant financial strain on American automakers, many of whom have production operations in Mexico and Canada.
Ford joins Stellantis and General Motors in retracting their financial guidance, making it the third major U.S. automaker to do so in the past week.
