Ford, the largest U.S. automaker, laid out the impact President Trump’s tariffs may have on its business.
“We’ve estimated the gross impact of tariffs for full year total company EBIT of $2.5 billion and a net impact of $1.5 billion. It’s still too early to fully understand our competitors’ responses to these tariffs. It’s also early to gauge the related market dynamics, including the potential industry-wide supply-chain disruptions and the impact of Ford’s domestic manufacturing advantages. And as a result, we’ve decided to suspend our guidance” CEO Jim Farley told investors on the company’s earnings call Monday after the close of trading.
The automaker did post revenue of $37.42 billion, beating Wall Street estimates. Earnings per share also came in higher than expectations at $0.14.
Ford Motor Co.
$
10.17
Ford shares have gained over 5% this year.