Ford warns of $1.5 billion profit loss due to Trump's tariffs

Ford Motor Company said on Monday it is expected to face a $1.5-billion profit loss this year due to U.S. President Donald Trump's tariff policies.

Citing growing uncertainties linked to tariffs, the U.S. automaker also withdrew its 2025 performance forecast.

"Given material near-term risks, especially the potential for industry-wide supply chain disruption impacting production, the potential for future or increased tariffs in the U.S., changes in the implementation of tariffs including tariff offsets, retaliatory tariffs and other restrictions by other governments and the potential related market impacts, and finally policy uncertainties associated with tax and emissions policy, the company is suspending guidance," Ford said in a statement.

Ford reported sales growth in the first quarter as customers rushed to the car market before the impact of Trump's auto tariffs, which became effective in early April, kicks in. Though the company's overall sales fell by 1.3 percent to 501,291 units, its retail sales jumped 5 percent in the first quarter, powered by its truck, SUV and EV sales.