By coinnews 
00:00 Speaker A
President Trump’s so-called liberation day tariffs are wreaking havoc on the markets, and the ripple effect is making its way into earning season. Many companies are pulling 2025 guidance entirely because of the uncertainty, including companies like Walmart, Delta, and Frontier Airlines, to name a few. We’re tracking the latest when it comes to corporate guidance in 2025. Some examples today, we’re seeing some more tariff talk on earnings calls. Kimberly Clark trimming its full year guidance, warning that tariffs could boost its cost this year by $300 million. It’s the maker of brands like Kleenex and Huggies, and it said that most of its products are made in the US, but 20% of its cost base is exposed to tariffs. And there the calculus has changed and is changing quickly. Two thirds of its additional costs this year stem from that 145% tariff imposed on China. As CEO Michael Hsu said on the earnings call, quote, I think what’s changed is the breadth and degree of the tariffs and also the countries involved. As everybody knows, it’s a very volatile environment, and there’s been a lot of change back and forth and continues to have change. At the same time, he said the company does not plan to raise prices for consumers but will rather tweak its supply chain. 3M CEO Bill Brown also talked about adjusting supply chain locations in order to navigate the tariff landscape. The maker of Post-it notes and Scotch tape maintained its full year forecast, but said it is possibly tariffs. It’s possible tariffs hit could hit adjusting earned adjusted earnings per share, sorry, by 40 cents. As Brown said on the call, quote, tariffs are going to be a headwind this year, but we thought it would be prudent to hold the impact outside of our full year guidance while we digest the new policies and fully develop and qualify mitigation plans. And then defense contractor RTX similarly held its full-year forecast but let investors know about the potential effect of tariffs for a total possible impact of $850 million. That breaks down to 250 million related to Canada and Mexico sourcing, 250 million to China, $300 million from the rest of the world and $50 million from the tariffs on steel and aluminum. Still, RTX said demand for its products and services for now remain intact.