Caterpillar Inc. expects a net impact of $500 million to $600 million from tariffs in Q3 and $1.5 billion to $1.8 billion for the year. Mitigation efforts are ongoing, but trade negotiations are uncertain. Despite these challenges, the company maintains its 2025 sales outlook. However, the adjusted operating profit margin is likely to be at the lower end of the target range.

(Note: The views expressed are those of the author and not Nasdaq, Inc.)

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