Ford

Ford says Trump tariffs to cost $1.5 billion as Q1 net income dives 65%

People look at a Mustang Mach-E at Ford's 2025 Detroit auto show display.
Ford said it was able to lower its tariffs cost in the first quarter by roughly 35 percent with strategies such as using bonded carriers to transport vehicles and parts to Canada from Mexico so they wouldn’t be taxed while passing through the U.S. (MICHAEL MARTINEZ/AUTOMOTIVE NEWS)
MM
By:
Michael Martinez
Last Updated
May 05, 2025 10:32 PM

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Ford
Ford says Trump tariffs to cost $1.5 billion as Q1 net income dives 65%
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The expected tariff cost is significantly lower than the $4 billion to $5 billion crosstown rival General Motors estimates, which Ford attributes to its higher mix of U.S.-built vehicles.

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