Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We still see that our merchants have in the aggregate raised their prices some since the April tariff announcements in the U.S., but the level of pricing increases is, in fact, slightly lower than the trends that we were seeing last quarter.
Every dollar, euro or RMB spent on tariffs is one not spent on innovation.
We continue to expect second half gross profit contribution to be slightly above the first half, but lower than the historical split of 48% and 52%, and we continue to expect 2025 gross margins to be roughly consistent to 2024 levels and remain well above rates from 3-plus years ago.
Tariffs remain a topic that is front of mind for most manufacturers and most of our customers.
The selling environment with tariff impacted companies is starting to improve.
We believe that we are still facing macro issues, including tariffs, that have pressured consumption behavior.
steel tariffs hitting our business to the tune of about 20% on our steel costs.
We continue to expect an immaterial cost impact from tariffs in 2025 based on what we know today due to our significant U.S. presence and our geographically diverse supply chain.
I do continue to believe that tariffs will have an impact. We have not yet seen all of it.
we expect to contend with a headwind from tariff of about $40 million for the year.