ISTANBUL

US auto giant Ford Motor Company suspended its financial guidance in its 2025 full-year forecasts Monday due to an anticipated $1.5 billion impact from President Donald Trump's tariffs this year, despite beating first-quarter expectations in revenue and profit.

The company said in a statement that it expects "a tariff-related net adverse adjusted EBIT impact of about $1.5 billion for full year 2025, subject to ongoing tariff-related policy developments."

"Due to tariff-related uncertainty, company suspends financial guidance, including full year adjusted EBIT and adjusted free cash flow," the statement said.

In addition to other possible effects like retaliatory tariffs, Ford highlighted "near-term risks, especially the potential for industrywide supply chain disruption impacting production" and the possibility of future or higher duties in the US as reasons for halting its guidance.

Ford reported $40.7 billion in total sales for the first quarter, a 5% decrease from the same period last year but still above expectations.

The company posted $1.02 billion in adjusted EBIT results and $471 million in net income.

Ford said it was "tracking" toward its original projection, which comprised capital expenditures between $8 billion and $9 billion, adjusted free cash flow of $3.5 billion to $4.5 billion, and adjusted earnings before interest and taxes, or EBIT, of $7 billion to $8.5 billion, excluding the tariffs.

"We are strengthening our underlying business with significantly better quality and our third straight quarter of year-over-year cost improvement, excluding the impact of tariffs,” said Ford President and CEO Jim Farley.

The US automotive industry is dealing with 25% tariffs on imported vehicles that went into effect last month and 25% duties on auto parts that are not compliant with the US-Mexico-Canada Agreement, which took effect Saturday.