Ford Motor Co. suspended its full-year financial guidance and said President Donald Trump’s auto tariffs will take a toll on profit, joining rivals stung by volatile global trade policies.

Ford estimates how much tariffs will cost this year. For the full year, Ford said it expects to take a $1.5 billion gross hit to EBITDA from the tariffs, though it also cautioned

Ford Motor Chief Executive Jim Farley expects President Trump’s tariffs on foreign vehicles and automotive parts to be in place “at least for the next three years.” Farley suggested some of Ford’s most affordable U.