Ford Motor suspended its annual guidance on Monday because of uncertainty around U.S. President Donald Trump's tariffs, saying the levies would cost the company about $1.5 billion in adjusted earnings before interest and taxes.

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.

Notably, Ford Pro generated $1.3 billion in EBIT with a margin of 8.6% on $15.2 billion in revenue during the quarter. The EBIT change from a year ago primarily reflects a 14% decline in wholesales due to planned downtime and unfavorable fleet pricing. Ford Pro ended the first quarter with 675,000 paid subscriptions, up 4% sequentially.