Overview
- Ford now expects the new import tariffs to trim about $2 billion from its full-year adjusted EBIT, prompting a cut in its guidance to $6.5–7.5 billion.
- Ford posted a $1.029 billion Q2 net loss and saw first-half net income tumble 86% to $435 million due in part to tariffs, recalls and Model e losses.
- Jim Farley and other Ford executives hold daily talks with the Trump administration in an effort to simplify and reduce the burdensome import duties.
- General Motors and Stellantis have also flagged steep profit impacts, with GM reporting a $1.1 billion hit in Q2 and projecting $4–5 billion in tariff costs, and Stellantis forecasting up to €1.5 billion of losses.
- The US government has extended the 90-day pause on Mexican tariffs as trade discussions continue.