Ford got a profit boost thanks to a $1.3 billion tariff refund

Ben Shimkus Wed, April 29, 2026 at 10:15 PM UTC

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Ford booked a $1.3 billion tariff refund on its earnings on Wednesday.Bill Pugliano/Getty Images -

Ford flagged a one-time $1.3 billion tariff benefit in its quarterly results.

The announcement comes a day after GM reported a roughly $500 million tariff benefit.

Still, car companies expect to pay billions on other tariffs levied on imported vehicles and parts.

Ford just got a big tariff-related boost.

The automaker said on Wednesday that it booked a $1.3 billion one-time tariff-related benefit, tied to duties it paid between March 2025 and February 2026. The benefit helped lift profits to $2.5 billion, even as its underlying business showed mixed signals.

Revenue rose 6% to $43.3 billion, while wholesale volumes dropped by 4%.

In February, the Supreme Court ruled that President Donald Trump's "Liberation Day" tariffs were illegal, prompting companies to begin filing claims to recover costs.

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Ford's announcement comes a day after its cross-town Detroit competitor, General Motors, flagged a roughly $500 million tariff benefit.

Despite the one-time tailwind, automakers are still expected to face billions in tariff costs. Trump has imposed a separate 25% tariff on automotive parts and vehicles under Section 232 of the Trade Expansion Act of 1962.

Ford, which says it builds more than 80% of its vehicles in the US, expects about $1 billion in tariff-related costs this year.

on Business Insider

Original Article on Source

Source: “AOL Money”