Ford Raises Tariff Forecast As Trade Pressures Mount

Ford expects tariffs to cost the company $2 billion in 2025, up from earlier estimates, with $800 million in duties already paid last quarter, according to the BBC. The automaker attributed the revised forecast to prolonged levies on materials and parts from Canada and Mexico, as well as ongoing U.S. tariffs on imported steel and aluminum. Much of Ford’s manufacturing is in the U.S., which may reduce its tariff exposure compared to competitors. CEO Jim Farley said the company is in ongoing talks with the White House to negotiate lower tariffs, particularly on vehicle parts.