Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We are taking actions to protect the company in the short term, including temporary shutdowns and layoffs.
The increased tariffs and risk of further tariffs has resulted in customers pausing to reevaluate many larger investments that we expected to close in the year in other end markets.
I also think that tariffs, and we don't even know what tariffs are going to mean in the long run, are going to have an effect on pricing, immigration policy may have -- on commodity pricing, steel pricing.
We expect to incur between 50 and 100 basis points of tariff and related costs on our gross margin in 2025, some of which will be offset by internal efficiencies and other mitigation efforts.
While the potential impacts of tariffs are causing substantial uncertainty in the broader economy and capital markets, to date, we haven't seen any direct effects on the performance of our portfolio.
Like most market participants, we see a higher-than-usual level of uncertainty in the forward path of the economy given various recent governmental actions relating to tariffs and other matters.
There's clearly going to be a little bit of pressure that shows up associated with tariffs.
the current tariff environment introduces a new dynamic to our outlook
While changes in the global trade policies create uncertainties, we are executing our long-term value creation road map as illustrated on the right and discussed at length during last month's Investor Day.
But lack of clarity on the US and global trade policy have led to macroeconomic uncertainty, including the impact on business investment and job growth.