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Ford says its Q1 profit fell by two-thirds and it expects a $1.5 billion hit from tariffs this year

US_Ford_Kentucky_04000DEARBORN, Mich. (AP) — Ford Motor Co. says it expects to take a $1.5 billion hit to its operating profit from tariffs this year and is withdrawing its full-year financial guidance due to the uncertainty created by the Trump administration’s evolving trade policy.