Ford Motor Company announced Monday it anticipates a $1.5 billion profit loss this year, attributing the financial strain to tariff policies introduced under former U.S. President Donald Trump. The automaker cited heightened uncertainties linked to trade barriers and retaliatory measures, prompting it to withdraw its 2025 performance forecast.
In a statement, Ford highlighted risks including potential supply chain disruptions, future tariff increases, and policy ambiguities surrounding taxes and emissions. "Given material near-term risks… the company is suspending guidance," it said.
The announcement follows a mixed first-quarter performance. Despite a 1.3% overall sales decline to 501,291 units, retail sales surged 5%, driven by demand for trucks, SUVs, and electric vehicles. Analysts suggest the uptick resulted from consumers accelerating purchases ahead of April's auto tariffs.
The development underscores broader concerns about protectionist policies' long-term impacts on global industries, particularly in regions like Asia, where supply chains and export-driven economies remain vulnerable to trade volatility.
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Ford warns of $1.5 billion profit loss due to Trump's tariffs
cgtn.com