Ford Motor Co. reported first quarter profits down across all its divisions, but it said it has managed to mitigate some tariff exposure.

Ford Motor Company has announced that it expects a $1.5 billion reduction in EBIT this year as the result of new import tariffs introduced by President Trump.

The automaker said its estimate of how much tariffs would hurt its finances include changes the company was making to reduce costs, including buying more parts and producing more vehicles in the United States. Excluding those measures, Ford expects tariffs to cost it $2.5 billion.