Trade Trump tariffs cost Caterpillar up to 1.8 billion dollars
The US construction machinery manufacturer Caterpillar fears a significantly higher burden from President Donald Trump's import tariffs than three weeks ago. They could cost the company 1.5 to 1.8 billion dollars this year, the company announced.
29.08.2025, 00:42
SDA
When presenting its quarterly figures at the beginning of August, Caterpillar had still stated a range of 1.3 to 1.5 billion dollars. Since then, there have been additional tariffs and some clarifications, explained the company known for its yellow excavators and bulldozers. In the current quarter alone, Caterpillar now expects customs costs of 500 to 600 million dollars. Previously, the management had assumed 400 to 500 million dollars.
Company boss Joe Creed announced at the beginning of August that Caterpillar wanted to minimize the negative effects of the tariffs through various measures. He did not initially provide details of specific steps.
