Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Global trade results were lower relative to the same quarter last year, largely due to the lower trading volumes, partially related to the trade policy uncertainty as well as lower margins due to lower commodity prices.
We continue to evaluate opportunities and develop plans, which will help mitigate the potential long-term impact of tariffs on our business and our operations.
Like others in our industry, we believe that some customers took on additional inventory in the second quarter, particularly in consumer-facing markets, in anticipation of increased tariff-related impacts.
Following the July tariff rate adjustments, we increased our refined products rate by mid-single digits as expected.
We've taken about 15% inflation since Liberation Day was announced on casing.
Last quarter, during the uncertainty around the impact of tariffs, the Iranian enrichment response, the broader Middle East conflicts and the potential impact of these and other forces on the world economic outlook, we discussed the plan to lay down activity.
As we look at it, I mean, the steel costs, I mean it can -- depending on the project be somewhere between 5% to 15% of total project costs.
tariffs are a real cost of doing business. And they're changing consistently
With respect to the dynamic trade environment, we remain well positioned to navigate the changing tariff landscape with our best estimates included in our outlook.
Lear Corporation recently signed a 5-year extension... including proactively managing their tariff exposure.