Ford says Trump tariffs to cost it about $2bn this year
Published: 7/31/2025
Ford predicts $2bn in tariffs for 2021 despite US factories. Ford expects to incur $2 billion in tariffs this year, higher than previous estimates, with $800 million already paid in duties. The impact of US President Donald Trump's tariffs on American companies is evident, but Ford faces a less severe impact due to its US manufacturing. The company also faced setbacks from cutting an electric vehicle program.
