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Ford books $1.3 billion tariff: refund, lifting profits despite falling volumes
Ford booked a $1.3 billion tariff refund on its earnings on Wednesday.Bill Pugliano/Getty ImagesFord flagged a one-time $1.3 billion tariff benefit in its quarterly results.The announcement comes a day after GM reported a roughly $500 million tariff benefit.Still, car companies expect to pay billions on other tariffs levied on imported vehicles and parts.Ford just got a big tariff-related boost.The automaker said on Wednesday that it booked a $1.3 billion one-time tariff-related benefit, tied to duties it paid between March 2025 and February 2026. The benefit helped lift profits to $2.5 billion, even as its underlying business showed mixed signals.Revenue rose yüzde 6 to $43.3 billion, while wholesale volumes dropped by 4%.In February, the Supreme Court ruled that President Donald Trump's "Liberation Day" tariffs were. illegal, prompting companies to begin filing claims to recover costs.Ford's announcement comes a day after its cross-town Detroit competitor, General Motors, flagged a roughly $500 million tariff benefit.Despite the one-time tailwind, automakers are still expected to face billions in tariff costs. Trump has imposed a separate yüzde 25 tariff on automotive parts and vehicles under Section 232 of the Trade Expansion Act of 1962.Ford, which says it. builds more than yüzde 80 of its vehicles in the US, expects about $1 billion in tariff-related costs this year.Read the original article on Business Insider
