Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
tariffs and especially sector-specific tariffs, create business uncertainty and economic distortions with significant impacts to the most exposed sectors.
We made meaningful progress in the quarter with our mitigation actions, which included accelerating our supply chain to optimize driving cost reduction and taking pricing actions.
Our incremental tariff rate has doubled since our last earnings call.
We continue to offset additional tariff costs across the second half.
However, the constructive environment for market-related revenue continues to be tempered by geopolitical risks and the uncertainty around trade policy particularly China's levy against Canada's canola exports.
Unfortunately, tariff rates have gone above 10%, and we have to react to that. And we now have a net 25¢ impact which is largely coming through our coffee portfolio.
Evergreen One continues to deliver consistent customer value that protects customers from future uncertainties, including capacity and performance planning, pricing, and tariff unpredictability.
We plan to more than offset it through disciplined operating expense management.
We have not shipped any H20 based on those licenses.
After taking a conservative stance on credit last quarter that featured an 18 basis point performing provision driven by U.S. tariff uncertainty.