Trump tariffs have cost Ford $1 billion, according the carmaker's CEO (F)

Ford CEO Jim Hackett told an audience at the Bloomberg business forum conference that tariffs were setting the company back by $1 billion.
Ford had previously warned about tariff costs and political uncertainty when reporting second-quarter earnings in July.
Ford is in the midst of an $11-billion restructuring effort. 
Ford CEO Jim Hackett said on Wednesday that metals tariffs are costing the carmaker $1 billion.
Hackett, speaking at the Bloomberg business forum conference in New York City,