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Equipment maker Caterpillar says tariffs may increase its Q2 costs by up to $350 million [May 01, 2025] By MICHELLE CHAPMAN Caterpillar said Wednesday it anticipates that tariffs may increase its second-quarter costs by up to $350 million as its first-quarter sales slipped on declining demand for its equipment. A lot of uncertainty remains over President Donald Trump's trade war. On Tuesday Trump signed an order relaxing some U.S. tariffs on imports of autos and auto parts. But it remains unclear what impact Trump’s broader tariffs will have on the U.S. economy |
The logo for Caterpillar appears above a trading post on the floor of the New York Stock Exchange, April 23, 2018. (AP Photo/Richard Drew, File) |
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