Ford Motor said Monday that Trump administration tariff policies would probably reduce their 2025 gain, before interest and taxes, by approximately $ 1.5 billion. The company also launched its forecast for the year, saying that predicting that the future had beer too hard.
Ford is less affected by the 25 percent tariffs of President Trump in vehicles than other car manufacturers because most of the vehicles sold in the United States are carried out in the country. General Motors said last week that tariffs would increase their costs from $ 4 billion to $ 5 billion this year.
“We believe that we are well positioned to adapt to the changes that tariffs are promoting in our industry,” said Ford Financial director Sherry House, at a telephone conference.
The company said that the changing tariff policies of the administration had the potential to interrupt automotive supply chains, and that they could force other nations to impose retaliation rates on US exports. He also pointed out greater uncertainty in the tax and issuance policies of the Trump administration.
“We are prudent to suspend our guide all year,” said House.
Ford said previously that he expected the profits by 2025, before interest and taxes, were $ 7 billion to $ 8.5 billion.
The Trump administration has applied 25 percent tariffs to imported vehicles and car parts. It has raised imported steel and aluminum tariffs, which are widely used in cars and trucks.
Those and other rates imposed by Mr. Trump mean an important change in the commercial policy of the United States, especially, since it affects trade between the United States, Canada and Mexico. For decades, cars and car parts have been sent through North America with few or no tariffs.
Ford manufactures some vehicles in Mexico, including a key electrical model, the Mustang Mach-E, and plans to start making heavy duty trucks in Canada in 2026. Mrs. House said the car manufacturer was not considering changing her heavy-duty truck plans.
The company also reported that its profits in the first three months of the year fell to $ 471 million, from $ 1.3 billion the previous year. Ford blamed the lower sales of vehicles because he had stopped production in some factories to prepare for new models and made other changes aimed at reducing car and unveiled trucks.
Its revenues in the quarter decreased 5 percent, to $ 40.7 billion. Ford strengthened its loss in electric vehicles to $ 849 million from a loss or $ 1.3 billion the previous year. The profits of the sale of internal and conventional combustion vehicles fell to $ 96 million of $ 901 million. The profits of the sale of commercial trucks and related services decreased to $ 1.3 billion of $ 3 billion.
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