Ford Cuts Profit Forecast Amid Trump's Tariffs
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Ford anticipates a $1.5 billion hit to its 2025 operating profits due to Donald Trump's tariffs, prompting the company to withdraw its previous financial guidance. The carmaker cited supply chain disruptions and uncertainty surrounding the levies as major concerns. General Motors also lowered its earnings guidance last week due to similar tariff-related issues. Despite implementing cost-reduction measures, Ford's first-quarter net income declined 64 percent to $471 million. The global auto industry faces significant challenges from fluctuating US trade policies.
Ford anticipates a $1.5 billion hit to its 2025 operating profits due to Donald Trump's tariffs, prompting the company to withdraw its previous financial guidance. The carmaker cited supply chain disruptions and uncertainty surrounding the levies as major concerns. General Motors also lowered its earnings guidance last week due to similar tariff-related issues. Despite implementing cost-reduction measures, Ford's first-quarter net income declined 64 percent to $471 million. The global auto industry faces significant challenges from fluctuating US trade policies.
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