On May 5, the Ford said it expected President Donald Trump’s tariffs to cost it $1.5 billion in lost profits this year. Ford also withdrew its 2025 earnings forecast three months ago, citing uncertainty over tariffs.
Ford said supply chain disruptions caused by the tariffs could disrupt car production across the industry. The company also pointed to tariff increases, changes in the way tariffs are implemented and possible retaliation by other countries as additional threats. These are significant industry risks that could have a significant impact on financial results, the company said.
Separately, Ford said its first-quarter net income fell 64 percent to $471 million from a year earlier, while adjusted operating income fell to $1 billion. Previously, Ford had forecast an operating profit of between $7 billion and $8.5 billion in 2025.