Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We approach tariffs as the equivalent of a supply shock and our financial priorities are: first, to manage the dollar impact; and second to manage the margin impact.
We anticipate the impact of the proposed tariffs to result in a marginal increase to our cost of goods, which we will pass through in increased pricing.
But, and this is the big but, five, we are still monitoring inflation, tariffs, consumer sentiment, and the need for pricing.
There remains hesitancy and caution among our customer base around future production levels due to tariff uncertainty, potentially looming inflation, and sustained high interest rates.
We have not built in any specific impact of the tariffs related to the uncertainty of the situation.
We do not expect a negative impact to results related to previously announced increased tariffs on products from China, Canada or Mexico.
While we currently don't see that tariffs will directly impact our products and service, we do expect some indirect effects on BlackBerry due to impacts to our customers, including supply chains and macroeconomic demand, although these effects are currently difficult to model.