Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
Our guidance of $200 million of costs related to the impact of tariffs is unchanged, pending the outcome of additional potential government actions.
This outlook includes a commodity cost headwind of approximately $200 million after tax and a foreign exchange tailwind of approximately $300 million after tax. In addition, our outlook includes $1 billion before tax in higher costs from tariffs in fiscal '26.
Tariffs were net neutral in the quarter.
we proactively mitigated the impact of tariff through strategic sourcing and cost management initiatives.
While raw material inflation and tariffs are driving incremental cost inflation relative to our initial outlook...
At current tariff levels, we now expect free cash flow for the full year to range between EUR 0.2 billion and EUR 0.4 billion, up from slightly positive previously.
Considering the progress we continue to make on our countermeasures and the current state of tariffs, we expect a neutral net impact from tariffs on our 2025 earnings per share.
Tariff policy continues to evolve, but has been positive for the steel industry overall.
customers are cautiously optimistic that the uncertainties of tariffs and other matters will resolve in a favorable manner.
I'm feeling a little better about tariffs and particularly on auto parts and new cars, given what the administration was able to agree with Japan and Europe.