The ongoing trade war and tariff uncertainties are creating significant challenges for companies as they report financial results and forecast future performance. Some tariffs remain in place, while others have been postponed to allow for negotiations. This unpredictability makes it difficult for businesses to assess the impact on costs and sales. Companies like Chipotle, Tesla, Akzo Nobel, Boston Scientific, Boeing, and AT&T are employing various strategies to manage these challenges. For instance, Tesla sources LFP battery cells from China, impacting its energy business, while Chipotle faces increased costs on imports from several countries. Akzo Nobel highlights localized procurement and production as a strategy to mitigate risks. Overall, companies are adapting to the volatile tariff landscape by adjusting supply chains, managing costs, and exploring alternative markets.
— new from AP News
