From tractor manufacturing to drugs and chemicals, companies across the industry are feeling the brunt of the Trump administration’s heavy tariff policies.
During first quarter earnings season, executives detailed their plans to soften the blow of tariffs, which are costing manufacturers hundreds of millions of dollars in lost revenue and heightened input costs.
Ford Motor Co. is facing some of the worst impacts — the company expects up to $1.5 billion in lost net profits. The automaker is experimenting with a variety of actions to mitigate that cost, including transporting vehicles from Mexico to Canada using bond carriers, so they are not subject to U.S. tariffs.
Others, like Deere & Co., are working to ensure more of their products are compliant with the U.S.-Mexico-Canada Agreement, or considering price increases in 2025 or 2026.
Manufacturing Dive has been following the impact of tariffs on the Q1 manufacturing earnings season. Read on for how companies like 3M and Caterpillar are navigating the volatility.
