The Motley Fool Discussion Boards

Previous Page

Investment Analysis Clubs / Macro Economic Trends and Risks

URL:  https://boards.fool.com/tariffs-is-anyone-doing-a-projected-pl-34018511.aspx

Subject:  Tariffs: Is anyone doing a projected P&L? Date:  9/27/2018  7:47 AM
Author:  PucksFool Number:  544858 of 575914

https://www.reuters.com/article/us-ford-motor-tariffs/trump-...
Steel and aluminum tariffs imposed by the Trump administration have cost Ford Motor Co (F.N) about $1 billion in profits, its chief executive officer said on Wednesday, while Honda Motor Co (7267.T) said higher steel prices have brought “hundreds of millions of dollars” in new costs.

“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.”

Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us