Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We do not, however, expect that this will necessarily continue in Q3 and Q4 as it depends on how and when the U.S. tariffs and potential retaliations will impact our industry.
the cost environment is difficult as we're dealing with tariff increases, higher raw and packaging material costs
During the second quarter, the North American polyolefins industry experienced volatility as markets adapted to an evolving tariff landscape.
we were able to fully offset the dollar impact of tariffs on cost of goods sold through targeted pricing actions and sourcing agility.
the dilutive impact of tariff pricing matching tariff costs for one-for-one
we expect higher costs from tariffs to be around $40 million.
We feel good about the tariff that we filed, and we're working through that.
If the tariffs stay at 39% on Switzerland, this would negatively impact yesterday's EPS guidance for this year by approximately $0.40.
If you see tariffs and if you look at what we've done in supply chain, all the things that we've done in supply chain are U.S. based on purpose.
Tariffs had a partial impact this quarter with a net impact of approximately 110 basis points on our gross margin in Q2.