Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
we're also applying that level -- some level of caution to our enterprise business, which has the potential to be disrupted due to tariffs and geopolitical events.
In our June quarter guidance, we have assumed a direct tariff-related impact of less than $1 million.
I obviously do not know the final outcome of tariff negotiations, nor do I know the second-order effects on economic growth, employment, inflation, or interest rates.
For direct impacts of tariffs here at Armstrong, the impact is both minor and manageable.
the headlines, the emerging market volatility, broader concerns around what tariffs and other policies might mean from an economic standpoint, they certainly factor into our thinking.
about 5% of our total purchases are foreign materials. So it's a relatively small number.
the overall tariffs is causing a small and manageable impact.
We currently do not expect our exposure to direct tariffs to be significant or likely to drive a meaningful increase in our costs.
The President's implementation of reciprocal tariffs earlier this month... creates a significant economic headwind for our manufacturing facilities in these countries selling into the U.S. market.
While it's difficult to predict how tariffs will impact SMBs and the overall economy, because of the diversity, size and industry of our borrowers, we would not expect a substantial impact to our portfolio.