Ford CEO Jim Farley Says Trump's Tariffs Could Cost Ford $1.5 Billion, Pulls Its Earnings Guidance

Quick Summary:

What Happened: "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," Ford CEO Jim Farley said to investors in the company's earnings call on Monday.

The company also decided to pull its earnings guidance for the year, citing uncertainty around the Trump administration's tariffs.

"It's still too early to fully understand our competitors' responses to these tariffs," Farley said and went on to highlight how the company believes it can't predict supply chain disruptions due to the tariffs.

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Article Details

Author / Journalist: Badar Shaikh

Category: Technology

Markets: United States

Topics: Donald Trump GM Tech News Benzinga Mobility F Jim Farley US37045V1008 US3453708600

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 11:26:33 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 510 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28437580

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