The Globe and Mail reports in its Thursday edition that Ford announced on Wednesday that U.S. tariffs on imported vehicles and materials like steel and aluminum will likely have a larger impact than anticipated, leading to a 4-per-cent drop in its shares post trading. A Reuters dispatch to The Globe reports that Ford posted an $800-million hit from tariffs in the second quarter, which was less severe than rivals due to its strong domestic manufacturing (all figures U.S.). For the full year, Ford increased its projected revenue hit from tariffs by $500-million to $3-billion. Chief financial officer Sherry House said Ford raised the projection because duties on Mexico and Canada have remained higher for longer than expected. She also cited elevated levies on aluminum and steel. Ford also issued guidance for annual results on Wednesday, after suspending it in May to assess the impact of U.S. President Donald Trump's tariffs. Ford said it now plans to record full-year adjusted earnings before interest and taxes of $6.5-billion to $7.5-billion, down from its February, 2025, projection of between $7-billion and $8.5-billion. For the latest quarter, Ford reported a 21-per-cent decrease in earnings per share to 37 cents.