Could mass layoffs be on the way as President Donald Trump’s policies send two industries spiraling? Ford Motor Co. announced Monday that it would be suspending its full-year financial guidance, saying that Trump’s tariffs will hurt its profits, Bloomberg and other outlets reported. According to the report, Ford expects the tariffs to reduce its profit by about $1.5 billion on a net basis in 2025. The announcement comes just days after Trump signed executive orders to pull back some of his 25% tariffs on automobiles and auto parts. Despite Trump’s reversal, Bloomberg reported that Ford cited potential “industrywide supply chain disruption” as a reason for withdrawing its earlier forecast. Spencer Hakimian, founder of Tolou Capital Management, suggested that layoffs could hit Detroit as a result of Ford’s announcement. Earlier this year, The New York Times reported that Ford CEO Jim Farley warned that there could be possible layoffs as a result of Trump’s policies. “Get ready for pink slips in Detroit. All for nothing,” Hakimian wrote on social media platform X on Monday. Meanwhile, oil prices hit a four-year-low after the OPEC+ group announced over the weekend that it would be increasing its output. Hakimian also warned of potential “pink slips” coming as a result of the flailing oil prices, suggesting that companies won’t be able to make a profit once oil prices hit a certain point. “Oil in complete free fall.$55 now. $50 is breakeven. Any more downside pressure here and drills stop going into the ground and pink slips start showing up,” Hakimian wrote on X. The OPEC+ group of eight oil producing nations announced over the weekend that it will raise its output by 411,000 barrels per day as of June 1. U.S. crude oil prices fell 2% to $57.13 per barrel. Many producers can no longer turn a profit once oil falls below $60. Prices are down sharply for the year over worries about an economic slowdown. The energy sector led the losses within the S&P 500. Exxon Mobil shed 2.8%. Markets have been absorbing the shock of tariffs and the growing trade war. President Donald Trump has imposed import taxes on a wide range of imports, prompting retaliation from global trading partners. Many of the more severe tariffs that were supposed to go into effect in April were delayed by three months, with the notable exception of tariffs against China. The delays have provided some relief to Wall Street, though uncertainty about the impact from current and future tariffs continues to hang over markets and the economy. The Associated Press contributed to this report. Our journalism needs your support. Please subscribe today to NJ.com.