Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
our exposure is relatively limited and I would say minimal.
To the extent that there are some impacts of these tariffs, is there some pressure to some of our general managers that, they have to work with customers, to find a way to pass that on?
Inflation, tariff concerns, and broader uncertainty, including the potential for a recession, are creating additional pressure on both our direct-to-consumer and retail partner channels.
There's been so much uncertainty and so much volatility just within the economy in general, but that's translated itself to demand as well week-to-week.
We had some really good days in our precious and non-precious metals business because of the fear of tariffs which came to be.
Despite these headwinds, it's worth highlighting that our first quarter's pace was still solidly ahead of our pre-COVID historic average.
we forecast an approximate $200 million impact in 2025.
If tariffs on our Chinese imports continue at current levels for the remainder of the year, we expect a negative impact of approximately $45 to $75 million to our operating profit in 2025 inclusive of our mitigation efforts.
We continue to have ongoing conversations with each of our opportunities, each of our customers to see what the impact of them individually is because each one is going to be a little bit different.
the combination of the key factors in the economic forecast weighting gives Veritex a very conservative allowance result.