Reported about 5 hours ago
French electrical group Legrand anticipates a $30 million impact from the 10% U.S. tariff on Chinese imports, as stated by CEO Benoît Coquart. The company has integrated these tariffs into its 2025 financial guidance, indicating plans to manage rising costs either through higher prices or cost-cutting measures. Legrand sources over half of its U.S. costs domestically, with significant portions also coming from China and Mexico.
Source: YAHOO