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Ford announced that US President Trump's tariffs will cost the company approximately $2 billion this year, exceeding prior estimates. This includes $800 million in duties paid in the second quarter. The impact is less severe than for some competitors due to Ford's primarily US-based manufacturing. The losses also include those from a canceled electric vehicle program, highlighting the broader challenges faced by American firms adapting to global trade changes.

Prepared by Christopher Adams and reviewed by editorial team.