Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
the tariff impact was certainly smaller than we anticipated in Q2, we did still see some impact affecting our UCAN region.
the tariff backdrop remains very fluid, but based on what is currently in effect, we expect gross annualized impact to be around $150 million and below that in 2025, given the timing of tariffs.
we are lowering our expected tariff impact for 2025. While the situation remains fluid, we now anticipate about a $40 million headwind to operating profit in 2025, principally in the second half, which is down from the $60 million to $80 million we estimated during the first quarter earnings call.
the industry was still challenged and pressured... I do attribute it to the macro, as we've been talking about for a long time, which has seen a lot of pressure. More recently, you've got tariff impacts.
Our full-year gross margin guidance now assumes an impact of approximately 20 basis points from tariffs, which is lower than our prior assumption of 50 basis points, given the recent updates and changes in U.S. tariffs.
the impact of the current policies that are in place plus concern over the potential impact from continued friction over tariffs has led to...a tremendous level of caution
there are headwinds in tariffs, there are tailwinds in stimulus
Our teams are doing a fantastic job managing tariffs and making sure that there's no impact to earnings per share.
We continue to expect the impact of known tariffs to be manageable in 2025.
While there is little incremental clarity on U.S. trade policy and tariffs, the global coverage and nature of our business is such that markets outside of North America are doing quite well and made up for some softness in North America.