Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
we look forward to collaborating with the administration to support US manufacturing by addressing the unintended consequences of tariffs on feedstocks, given international RD imports to the US are untariffed, which disadvantages domestic producers like Rodeo.
we did an analysis of the portfolio of the sectors that we thought would be impacted by tariffs.
the degree to which that will continue is very path dependent, and depends on what happens during this ninety-day window to hopefully resolve the uncertainty over the tariff regime in particular.
Based on current information, we expect the impact of tariffs to be around $10 million annually.
Broadly speaking, we are partially protected by our activity mix, with approximately 80% of our revenue derived from international markets, as well as by our diversified supply chain network that includes in-country manufacturing and local sourcing.
We are assessing the potential impact of tariffs, and we have been working diligently to mitigate the impact of current tariffs on our results.
The proposed higher tariffs would result in meaningful increases to our product costs, if not otherwise mitigated.
Needless to say, tariff risk is at top of mind of everyone.
Today, tariffs have had limited direct impact on our business and financial results.
We are not comfortable with providing estimates at this time. We just do not have enough insight into what might happen.