# A U.S. Supreme Court ruling in February that struck down some of the Trump administration's tariffs provided $1.3 billion in relief to Ford.

*business · news · 2026-04-29 · Reuters*

## Key points

- Ford gained a $1.3 billion tariff refund after a Supreme Court ruling on Trump-era tariffs.
- Ford's net tariff costs for 2024 will be $1 billion, driven by higher raw material expenses.
- Novelis fires in 2025 caused significant aluminum supply disruption, affecting F-150 production.
- F-150 inventory dropped 38% in April, with F-Series production down 12% year-over-year.
- Ford's first-quarter adjusted earnings per share hit 66 cents, beating analysts' 19 cent estimate.

**Companies:** Ford, Novelis
**Countries:** United States

[Read the full story on Reuters](https://www.reuters.com/business/autos-transportation/ford-raises-profit-outlook-2026-despite-nagging-aluminum-supply-costs-2026-04-29/)

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