Ford Motor Company now projects $2 billion in 2025 tariff-related losses, doubling earlier estimates, despite its U.S.-centric production strategy.
According to company statements, the automaker paid an additional $800 million in duties during Q2 alone, driven by import levies on components from Mexican and Canadian factories and sustained metals tariffs.
Finance Chief Sherry House cited steel and aluminum costs as major factors, underscoring how U.S. trade policies strain even domestically focused manufacturers.
While Ford’s local operations shield it better than rivals General Motors and Volkswagen report $1 billion and $1.5 billion hits respectively CEO Jim Farley confirmed ongoing White House negotiations for relief on auto-part tariffs.
Executives indicated that financial outcomes hinge on federal talks, noting “significant upside” if exemptions materialize. Shares fell 1.5% after the revised forecast, reflecting investor concerns over protracted trade headwinds.
