Ford estimates that tariffs will cost $1.5 billion
Ford Motor suspended its annual forecast due to uncertainty surrounding President Donald Trump’s tariffs, saying the levies would cost the company about $1.5 billion in adjusted earnings before interest and taxes.
In February, the Dearborn, Michigan-based automaker projected earnings before interest and taxes of $7 billion to $8.5 billion by 2025. That forecast did not take tariffs into account.
While competitors like General Motors recently released updated guidance, Ford executives said they suspended the company’s outlook until they have more clarity on the effect of retaliatory tariffs and how consumers may react to price increases.
Sherry House, the company’s CFO, stated that the company was on track to meet that guidance, excluding the consequences of tariffs. «We’re focused on managing what we control,» she said.
