Ford Motor said on Monday that the rate policy of the Trump administration would probably lower its profit from 2025, before interest and taxes, by around $ 1.5 billion. The company also dropped his prediction for the year and said that predicting the future had become too difficult.
Ford is less affected by the 25 percent rates of President Trump on vehicles than other car manufacturers, because most of the vehicles that it sells in the United States are made in the country. General Motors said last week that the rates this year would increase the costs by $ 4 billion to $ 5 billion.
“We believe that we are well positioned to adapt to the changes that rates in our industry,” said Ford’s Chief Financial Officer, Sherry House, in a conference call.
The company said that the shifting rate policy of the administration had the potential to disturb to the supply chains of the car, and they could force other countries to impose retaliation rates on US exports. It also recorded further uncertainty in the tax and emission policy of the Trump government.
“We felt wise to suspend our guidance from the whole year,” said Mrs. House.
Ford had previously said that it was expected for 2025, before interest and taxes, $ 7 billion to $ 8.5 billion.
The Trump administration has lifted 25 percent rates on imported vehicles and car parts. It has increased rates on imported steel and aluminum, which are frequently used in cars and trucks.
Those and other rates imposed by Mr. Trump mean a major shift in American trade policy, especially because this influences trade between the United States, Canada and Mexico. For decades, cars and car components have been sent by North America with few or no rates.
Ford is currently making a few vehicles, including an important electric model, the Mustang Mach-E, in Mexico, and the company is planning to make heavy pick-ups in Canada in 2026. Mrs. House said the automaker is not considering changing its heavy truck plans.
The company also reported that his profit in the first three months of the year fell to $ 471 million from $ 1.3 billion in the same period a year ago. Ford blamed the sale of lower vehicles because it had paused production in some factories to prepare for new models and to make other changes aimed at reducing invaraked cars and trucks.
Turnover in the quarter fell by 5 percent to $ 40.7 billion. Ford limited its loss on electric vehicles up to $ 849 million from a loss of $ 1.3 billion a year ago. The profit from the sale of mainstream, internal combustion vehicles declined to $ 96 million from $ 901 million. The profit for the sale of commercial trucks and related services fell to $ 1.3 billion out of $ 3 billion last year.