Ford books $1.3 billion tariff refund, lifting profits despite falling volumes

Ford reported a $1.3 billion tariff refund, significantly boosting its quarterly profits to $2.5 billion despite a 4% decline in wholesale volumes. This financial windfall follows the Supreme Court's ruling that President Trump’s tariffs were illegal and comes on the heels of General Motors announcing a similar benefit. While this one-time gain is positive for Ford, ongoing trade tensions mean automakers will continue to face substantial tariff costs.

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