Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Obviously ongoing government layoff announcements combined with a whipsaw tariff policy can possibly be a good thing for business investment consumer confidence and will likely lead to broader inflationary pressure later this year and next, but we haven't seen or felt it yet.
Relative to existing tariffs that are announced, not really an impact for us on costs.
We have a tremendous procurement team that is helping us navigate pricing and supplier options as well as excellent marketers and F&B operators who are adjusting promotions and F&B offerings to mitigate cost increases.
Uncertainty brings lots of unknowns. Unknowns actually lead to stifling growth.
It's still early to assess the full impact of the current trade environment.
We are working with our suppliers to reduce any potential tariff impacts.
Since our last update, the U.S. government enacted a baseline import tariff of 10% with significantly higher rates for certain countries. These tariffs are increasing cost for Illumina.
Generally, in our performance suite arrangements, we have clauses that allow us to update our capitation rates in the event of a significant change in unit costs, which a tariff like you indicate would certainly count as.
We've been closely monitoring the tariffs that have introduced heightened uncertainty and volatility into the market.
As we evaluate trade tariffs and potential amendments to federal legislation, we do not expect material impacts to our 5-year outlook.