Trump metals tariffs will cost Ford $1 billion in profits, CEO says

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‘Trump metals tariffs will cost Ford $1 billion in profits, CEO says’

‘“From Ford’s perspective the metals tariffs took about $1 billion in profit from us,” CEO James Hackett said at a Bloomberg conference in New York, “The irony of which is we source most of that in the U.S. today anyway. If it goes on any longer, it will do more damage.” He did not specify what period the $1 billion covered.’

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