Ford Motor Co. said on Monday that it expects to take a $1.5bn (€1.39bn) hit to its profit, before interest and taxes, as a result of tariffs this year. The company also withdrew its full-year financial guidance and suspended releasing any new one, due to the uncertainty created by the Trump administration's evolving trade policy.
The carmaker is less affected by President Trump’s 25% tariffs on vehicles than other automakers.
