Ford expects US$1.5 billion impact from tariffs

The US manufacturer Ford announced in a statement its results for the first quarter, better than expected, but suspended its annual forecasts due to the uncertainty caused by the US tariffs on the automotive industry.

The impact of these customs measures should cut some US$1.5 billion from its operating profit in 2025, the firm said. In 2024 that parameter reached US$10.2 billion.

“Our teams have done a lot to minimize the impact of the tariffs,” CFO Sherry House told reporters, pointing out that the net impact in the first quarter was US$200 million.

For example, she explained, 35% of vehicles crossing the U.S. from Mexico to Canada now use an alternative device to avoid U.S. tariffs.

In early April, the Donald Trump administration imposed 25% tariffs on imports of new vehicles and, as of May 3, on component parts and spare parts.

Exemptions are planned, especially for certain products manufactured in Mexico and Canada, countries with which the United States has a free trade agreement (USMCA).

“Due to uncertainties related to tariffs, the company is suspending its financial forecasts,” she said.

Between January and March 2025, Ford recorded a turnover of US$40.66 billion (-5% year-on-year) and a net profit of US$471 million (-65%).