US automaker Ford is bracing for a major financial hit in the wake of tariffs imposed by President Donald Trump. Officials said on Monday earnings before interest and taxes this year will likely fall by about 1.5 billion dollars.



They said additional costs from the levies on automobiles and parts will probably come to about 2.5 billion dollars.



Ford also pulled its guidance for the full-year presented in February. Officials cite the potential for supply chain disruptions, changes in US tariff policy and retaliatory action by other governments.



Ford says more than 75 percent of the vehicles it sells in the United States are assembled domestically.



Still, the company points to "substantial industry risks, which could have significant impacts on financial results."



General Motors has also lowered its earnings outlook, citing additional costs from the tariffs.