Ford on Monday said it expects to take a $1.5 billion hit to its operating profit from tariffs this year. The Detroit automaker also withdrew its full-year financial guidance because of mounting economic uncertainty created by the Trump administration's trade policies.

The higher prices will apply to 2025 models of the Maverick, Bronco Sport and Mach-E built after May 2.

Ford is hiking the sticker prices for the three US models it imports from Mexico by up to $2,000 each, just days after executives said they didn’t expect significant increases in industrywide car prices this year.