Ford Suspends Guidance, Warns $1.5 Billion Loss Due to Trump’s Tariffs and EV Challenges
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LN24 / 7 months
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Ford has withdrawn its annual forecast and warned it expects a $1.5 billion hit to its earnings due to U.S. President Donald Trump’s tariffs. The company explained that the tariffs will significantly impact its profits, as the additional costs linked to imports from Mexico and China are estimated to reach $2.5 billion this year. Ford […]