nnFord Motor Company expects President Trump’s tariffs to cost it $2 billion this year, exceeding previous estimates as the company already paid $800 million in additional duties last quarter. The tariffs particularly impact vehicle parts and materials like steel/aluminum, with Ford’s CFO noting sustained high tariffs on Mexico/Canada operations contributed to the increased costs. While Ford manufactures most vehicles domestically, CEO Jim Farley confirmed ongoing negotiations with the White House to reduce tariffs. The financial strain extends across the industry, with GM and Volkswagen reporting $1 billion and $1.5 billion in tariff costs respectively. These developments illustrate how tariffs are directly affecting major US employers and supply chains despite the administration’s goal of reshoring manufacturing.