Ford Motor Co. reported first quarter profits down across all its divisions, but it said it has managed to mitigate some tariff exposure.

Ford is less affected by President Trump’s 25 percent tariffs on vehicles than other automakers because most of the vehicles it sells in the United States are made in the country. General Motors said last week that the tariffs would increase its costs $4 billion to $5 billion this year.

Ford Motor Co. became the latest big name to warn that President Donald Trump’s trade war is about to do significant damage at home. The iconic US company said it suspended its full-year financial guidance,