Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
While tariff uncertainty remains a concern for automotive, we are closely aligned with our customers providing guidance and solutions every step of the way.
the changes to the de minimis exemption will obviously cause slight headwind to our ads business in 2025, primarily from APAC-based retailers.
we do not anticipate tariffs to have a meaningful impact on our financial results.
Overall, we expect the impact of tariffs in 2025 to be a limited headwind to the business.
the idea that tariffs are causing an increase in inventory costs probably has a lesser impact.
Significant uncertainty exists today regarding the manner in which changes in trade and tariff policies may ultimately impact international markets.
Clearly, we've seen elevated and ongoing market volatility due to lack of clarity around the tariffs and general economic uncertainty.
Engineered products and specifically vehicle services, are the most exposed to tariffs of Chinese imported subcomponents, in our case, structural steel.
We do not anticipate a material impact to our business arising from the current tariff measures, announced so far as our suppliers, customers, and end consumers are all typically regional in nature.
Recent disruption from tariffs has weighed on expectations for global economic growth, as it has on business and consumer sentiment.