Ford, Mattel join growing list of U.S. companies facing profit hit from tariffs
From real cars to toy cars, tariffs are set to boost prices on a broad set of products across the U.S. economy.
U.S. companies are starting to put hard-dollar figures to the damage President Donald Trump's tariffs will do to their bottom lines as trade policy evolves and the economy shows signs of weakening heading into the summer.
Ford Motor (F) pulled its full-year profit guidance late Monday, after its solid first-quarter earnings were likely flattered as customers bought ahead of the expected tariffs. Ford said the administration's levies would likely add around $2.5 billion to its overall cost base.
