Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We now expect industry shipments to be down approximately 1% to 1.5% for the full year due to factors like trade uncertainty, soft consumer sentiment and weak housing market.
This guidance does not assume additional significant potential business development transactions. Other expense is now expected to be between $400 million and $500 million. We now assume a full year tax rate between 14% and 15%. We assume approximately 2.51 billion shares outstanding.
lingering questions around tariffs and ongoing geopolitical impacts
we continue to expect tariff-related headwinds to impact profitability by approximately $100 million.
we were about $170 million. We're down to about $100 million gross tariffs.
This includes approximately $1.1 billion of tariff-related costs, which is in line with what we had estimated on our last call.
Macroeconomic uncertainty always exists, especially around tariffs, trade and now we have the government shutdown again.
the volatility of tariff policies, which marked the start of the fiscal year has quieted.
our actual results could differ materially from our guidance... including tariff and trade policies
Overall, tariffs produced a slight net headwind during Q1.