Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We're being very thoughtful about that because about 15% of our revenue is in Canada or Mexico.
Markets may take some time to sort out saber rattling around trade and tariffs, but BlackRock and our clients see growth and opportunity.
We support the administration's willingness to look at barriers to fair trade in the United States. Though there are certainly risks associated with such significant actions.
While tariff announcements and subsequent market volatility have disrupted near-term deal activity, our pipelines have not meaningfully changed since the beginning of the year and remain robust.
As new car prices go up, that will put a bigger spread between late-model used and new cars.
the guidance that we provided does include the impact for all tariffs announced by the U.S. government on April 2nd and by the Canadian government on March 4th.
This new international trade landscape creates additional complexities and will potentially bring cost pressures.
Given broad economic uncertainty around global trade, growth has largely stalled.
The administration's position on tariffs and the actions announced last week have added to this uncertain environment.
we believe these cost savings will largely offset the financial impact of any potential tariffs for the remainder of this fiscal year.
the impact of tariffs on inflation is dynamic, but we can tell you what we know.
Given last week's tariff announcement, we're dealing with a dynamic macro environment.
Tariffs are impacting the cost of our inputs, predominantly steel, and constructional changes in how our customers operate.
Given the timing of yesterday's announcement and the uncertainty, we have not included any impact from tariffs in our financial outlook.
We approach tariffs as the equivalent of a supply shock and our financial priorities are: first, to manage the dollar impact; and second to manage the margin impact.
We anticipate the impact of the proposed tariffs to result in a marginal increase to our cost of goods, which we will pass through in increased pricing.
But, and this is the big but, five, we are still monitoring inflation, tariffs, consumer sentiment, and the need for pricing.
There remains hesitancy and caution among our customer base around future production levels due to tariff uncertainty, potentially looming inflation, and sustained high interest rates.
We have not built in any specific impact of the tariffs related to the uncertainty of the situation.
We do not expect a negative impact to results related to previously announced increased tariffs on products from China, Canada or Mexico.
While we currently don't see that tariffs will directly impact our products and service, we do expect some indirect effects on BlackBerry due to impacts to our customers, including supply chains and macroeconomic demand, although these effects are currently difficult to model.