Ford puts a number on its hit from Trump’s tariffs and halts guidance

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Earnings Results

‘Substantial’ risks lead automaker to pull its outlook for the year amid a $1.5 billion hit from tariffs

Last Updated: May 5, 2025 at 5:41 p.m. ET

First Published: May 5, 2025 at 4:08 p.m. ET

Ford Motor Co. late Monday pulled its 2025 guidance, citing significant near-term risks, and said it expects a tariff hit of about $1.5 billion for the year.

Ford F listed four “material” reasons it was pulling the year’s outlook, saying it sees potential for an industrywide supply-chain disruption hurting production; for additional or increased tariffs in the U.S.; for changes in tariff implementation, including the possibility that countries would enact their own retaliatory tariffs and other restrictions; and ongoing policy uncertainty around tax and emissions policy.

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