Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We’ve also been preparing for macro shifts like deglobalization for several years.
We currently estimate the impact of tariffs to be about 1% to 3% of our 5-year capital plan.
one of the customers we mentioned in the call, one of the new lands, is also a company that is very affected by the tariffs and is having to moderate its own plans for the future.
we are controlling the things that we absolutely can. We’re trying to stay ahead of those curves and ensuring that we can bring those projects in as expected. So, minimal impact as we sit here today for what we know.
although there is plenty of noise around tariffs and economic uncertainty, so far, there's been no direct impact on our business.
Trade policy uncertainty, particularly with Canada and China, created volatility throughout the quarter for canola meal and oil.
Although we do not expect to see a material impact on our operations during 2025.
We do expect uncertainties associated with the global supply chain and end market demand dynamics to continue into the second half of 2025.
the impact of tariffs on our vendors right now as best we've been able to estimate and measure are in the low single digit range as they impact our business.
we estimate that the direct tariff exposure on our $54 billion base capital plan for 2025 to 2029 is minimal at approximately 0.3%.