Lates News

Caterpillar warns investors that tariffs are expected to have a maximum impact of $1.8 billion on the company this year, higher than the initial expectations in early August. Caterpillar stated in a filing on Thursday, "While the company continues to take preliminary mitigation measures to reduce this impact, trade and tariff negotiations remain unpredictable." The company projects that the net impact of tariff measures imposed this year will reach $500 million to $600 million in the third quarter and $1.5 billion to $1.8 billion for the full year.