President Donald Trump’s auto tariffs will cost Ford $1.5 billion this year, but the automaker said Monday it does not expect overall US car prices to rise significantly as a result. Ford CFO Sherry House told reporters that it expects US car prices to edge up 1% to 1.

Ford is less affected by President Trump’s 25 percent tariffs on vehicles than other automakers because most of the vehicles it sells in the United States are made in the country. General Motors said last week that the tariffs would increase its costs $4 billion to $5 billion this year.

Ford Motor Co. became the latest big name to warn that President Donald Trump’s trade war is about to do significant damage at home. The iconic US company said it suspended its full-year financial guidance,