Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
At current tariff levels, we now expect free cash flow for the full year to range between EUR 0.2 billion and EUR 0.4 billion, up from slightly positive previously.
Considering the progress we continue to make on our countermeasures and the current state of tariffs, we expect a neutral net impact from tariffs on our 2025 earnings per share.
Tariff policy continues to evolve, but has been positive for the steel industry overall.
customers are cautiously optimistic that the uncertainties of tariffs and other matters will resolve in a favorable manner.
I'm feeling a little better about tariffs and particularly on auto parts and new cars, given what the administration was able to agree with Japan and Europe.
This past quarter was dominated by headlines about tariffs and trade, many of this being close to home, especially regarding ethane and LPG.
While some tariffs were rolled back during the quarter, particularly with China, this relief did not meaningfully change their overall impact on us given our mitigation efforts are operational in nature and still moving forward as previously planned.
the tariff uncertainty that halted several export channels
the current tariff landscape is creating some added cost pressure.
I would say that there are certainly some customers in, let's say, particularly in some Latin American countries that are concerned, but we'll see how that plays out.