Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We view [tariffs] as another cost to our business.
Our business continues to be impacted by ongoing trade policy changes.
In terms of marketing budgets, tariffs have certainly been part of the conversation throughout most of the year.
Clarity is going to be good for our customers, for the economy, for everyone.
The year-over-year decline reflects a 90 basis point impact from tariffs, higher facility costs, a greater mix of lower margin da Vinci V and ION revenue, and higher service costs related to da Vinci V.
there is a bit of a wait and see mode with our customers... even in our domain, think about it, the rules are still not finalized in terms of the rates of tariffs, for example, will they be or not.
In Q3, tariffs impacted our business by $31 million. For Q4, we currently expect a gross impact of about $60 million, increasing quarter on quarter due to Section 232 tariffs.
We continue to execute well and are offsetting the impact of tariffs through increased prices and other mitigation strategies.
Next year's US and Canadian truck market could be higher than this year, as we realize clarity around tariffs, emissions policy, and potential improvements in the freight market.
The administration continue to hold a firm position on 32 tariffs on steel and aluminum imports.