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Caterpillar warns of $1.5 billion hit as tariffs to hurt profit more in second half
Caterpillar posted weaker-than-expected quarterly profit and warned U.S. tariffs could pose significant headwinds in the second half and cost the construction and mining equipment maker up to $1.5 billion in 2025.
Caterpillar warns of $1.5bn tariff hit as trade tensions dent earnings
US construction equipment manufacturer Caterpillar posted a drop in earnings and warned of a hit of up to $1.5bn from Donald Trump’s tariffs, in a sign of how trade tensions are impacting the global companies it makes machinery for.
Switzerland’s president and other top officials were traveling to Washington on Tuesday in a hastily arranged trip aimed at ...
As radical increases in US tariffs begin to redefine the country’s trading relationships, American consumers are getting a ...
A U.S. decision last week to exempt refined copper metal from import duties is in contrast to an earlier move to levy steep ...
Second-quarter adjusted earnings came in at 78 cents a share on revenue of $14.7 billion, beating expectations.
The European Commission spokesperson for trade said the planned countermeasures, which were set to take effect Thursday, ...
Polls these days seem to be generating more confusion than clarity. How Donald Trump will fare requires looking at ...
Once a cog in the Malaysian economy, the solar industry profited from Chinese investment. Now it’s becoming a case study of ...
Louis Gave sees the possibility that the hundreds of billions of dollars invested in artificial intelligence turns out to be ...
President Trump on Tuesday said he would announce tariffs on semiconductor and pharmaceutical imports "within the next week ...
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