Caterpillar: Tariffs to Cost Up to $1.8 Billion

Caterpillar warns tariffs could cost them up to $1.8 billion this year, sending shockwaves through the construction and mining industries and causing shares to plummet. Despite mitigation efforts, the heavy machinery giant anticipates a major financial hit, particularly in the third quarter, but maintains its overall sales outlook. Hosted on Acast. See acast.com/privacy for more information.