Ford says Trump tariffs to cost it about $2bn this year
The company says it had already paid an extra $800m in duties in the three months ending in June. It also suffered losses related to cutting an electric vehicle programme.
It is the latest indication of the impact of US President Donald Trump's tariffs on major American firms and the challenges ahead as he seeks to reshape global supply chains.
But Ford is seeing a less pronounced tariffs impact than some of its competitors as much of its manufacturing is in the US.
Ford's finance chief Sherry House said the firm had raised its forecast for the cost of tariffs on its business because levies on Mexico and Canada, where it has facilities, have remained higher for longer than expected.
She also pointed to US tariffs on imported aluminium and steel.
Last week, rival carmaker General Motors said tariffs had already cost it more than $1bn, while Volkswagen put its hit at $1.5bn.
Jim Farley, Ford's chief executive, said the firm is in regular contact with the White House as the company tries to secure lower tariffs, especially on vehicle parts.
"We see there's a lot of upside depending on how the negotiation goes with the administration," he said.
Trump has raised duties on most goods, with special tariffs targeting cars and car parts, as well as the key materials used to manufacture them.
He has said the measures are intended to convince companies, in the US and abroad, to make their products in America.
Ford's shares were about 1.5% lower in extended trading in New York on Wednesday after the earnings announcement.
擷取數據時發生錯誤
登入存取你的投資組合
擷取數據時發生錯誤
擷取數據時發生錯誤
擷取數據時發生錯誤
擷取數據時發生錯誤
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 minutes ago
- Yahoo
Hot Dog Truck Crash on Highway Makes Mess That Surprises Fire Chief: ‘Hot Dogs Are Very Slippery — I Did Not Know That'
'Once those [hot dogs] leave the truck and hit the road, that's all garbage, and it's still pretty warm,' said Shrewsbury Fire Company Chief Brad DaubermanNEED TO KNOW A multi-vehicle accident involving a tractor-trailer that was carrying thousands of hot dogs on Interstate 83 in Pennsylvania on Aug. 1 resulted in the hot dogs spilling all over the highway, according to the Shrewsbury Volunteer Fire Company State police said the tractor-trailer had an unspecified mechanical problem, which caused the accident 'I can tell you personally, hot dogs are very slippery — I did not know that,' the Shrewsbury Fire Company chief saidA multi-vehicle crash on a Pennsylvania highway turned into a frank disaster after thousands of frozen hot dogs spilled across the highway. The Shrewsbury Volunteer Fire Company shared on Facebook that they responded to a multi-vehicle accident involving a tractor-trailer, which left four people injured and tons of debris on the road. The fire crew said the incident occurred on Interstate 83, a few miles north of the Maryland line, at around 9:30 a.m. local time on Friday, Aug. 1. They stated that four people were transported to nearby hospitals after the incident, though they did not disclose their conditions. The fire crews also said that the interstate had to be 'shut down' as crews cleared the debris and vehicles. Several fire crews responded to the incident to help reroute traffic. A photo shared by Shrewsbury Volunteer Fire Company showed several crew members wearing safety vests and holding what appeared to be rakes as they headed to clean up dozens of broken boxes and hot dogs laid out on the highway. On the opposite side of the interstate, the large tractor-trailer could be seen with its left side bent outward. In the photo, the concrete divider between the roads could be seen looking damaged. The tractor-trailer that was involved in the crash reportedly was carrying thousands of hot dogs that spilled onto the roadway, per NBC News. 'I can tell you personally, hot dogs are very slippery — I did not know that,' Shrewsbury Fire Company Chief Brad Dauberman told the outlet. He added of the cleanup: 'Once those leave the truck and hit the road, that's all garbage, and it's still pretty warm.' State police told NBC News that the tractor-trailer had an unspecified mechanical problem, which led it to push into another car and scrape the interstate concrete divider. When it did this, the truck opened up and boxes of hot dogs fell out and scattered onto the highway. Dauberman said a front-end loader had to be used to scoop up the piles of hot dogs on the road and drop them into a dump truck in order to clear the highway. The highway was eventually reopened several hours later. Read the original article on People
Yahoo
14 minutes ago
- Yahoo
If You'd Invested $1,000 in Solana 5 Years Ago, Here's How Much You'd Have Today
Key Points Solana runs on a proof-of-stake network that is one of the fastest in the crypto world. The network is already processing thousands of transactions per second. The technical strength of the network has made it a home run for investors. 10 stocks we like better than Solana › Only launched about 5.5 years ago, Solana (CRYPTO: SOL) is now the sixth-largest cryptocurrency in the world with a market cap of over $96 billion as of July 30. Many investors see immense potential in Solana's network. It's one of the few cryptocurrencies to operate on a proof-of-stake (PoS) mechanism to govern the network. After realizing how energy-intensive the traditional crypto-mining, proof-of-work (PoW) system had become on Bitcoin, the world's largest cryptocurrency, several crypto networks transitioned to PoS. Instead of using high computing power to solve a puzzle like with PoW, PoS has investors stake their tokens to the network, and then assigns them at random to validate transactions and mint new tokens. The more tokens one stakes, the higher the chance they have of being selected and also earning rewards. Even more unique, Solana's network also has a proof-of-history mechanism that essentially creates a sequential record of transactions, enabling even faster transactions on the network. As a result, Solana's network can process thousands of transactions per second (TPS), but it has the theoretical potential to process up to 65,000 TPS, if not more. This gives Solana and its network immense potential to disrupt the global payments system. Investors have done well While volatile like most cryptocurrencies, Solana has been a huge winner for investors that bought the token five years ago. The technical strength of its network has made Solana one of the few altcoins that investors see a strong use case for. Roughly five years ago, Solana traded for just $1.73. Today, it trades for over $179. That's a gain of roughly 10,264%. So, if you invested $1,000 in Solana five years ago, you now have $103,636! That's simply incredible. Investors aren't likely to find too many investments like that in their lifetime. Should you invest $1,000 in Solana right now? Before you buy stock in Solana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Solana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Bram Berkowitz has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin and Solana. The Motley Fool has a disclosure policy. If You'd Invested $1,000 in Solana 5 Years Ago, Here's How Much You'd Have Today was originally published by The Motley Fool
Washington Post
16 minutes ago
- Washington Post
Cowboys owner Jerry Jones dismisses Micah Parsons' trade request as negotiation talk
OXNARD, Calif. — Dallas Cowboys owner and general manager Jerry Jones does not intend to trade Micah Parsons after the star defensive end said he wants to leave the team amid a breakdown in negotiating a contract extension. 'Surely you guys have been around this stuff and know how to recognize negotiation talk, that type of thing. And so that's where I put that,' Jones said after practice Saturday, one day after Parsons posted on social media to request a trade .
