Ford said it expects Trump's tariffs to set it back $2 billion and hand Japanese automakers a 'meaningful' edge

1. Ford expects $2 billion tariff impact, up $500 million from last quarter. 2. Japanese competitors benefit from reduced tariffs by Trump administration. 3. CEO Farley highlights regional market shifts driven by tariffs and EV regulations. 4. Ford shares fell 1.6% post-announcement, despite a 9.8% year-to-date increase. 5. Tariffs create competitive disadvantages against Japanese automakers like Toyota.