FACTBOX-US executives weigh risks from proposed Trump tariffs

Company

Commentary

Tesla TSLA.O

July 23

"... It doesn't make sense to invest a lot in Mexico if (heavy tariffs are imposed on vehicles produced in the country)," said CEO Elon Musk.

Dollar Tree DLTR.O

Sept. 4

"... We have long-standing contingency plans to diversify our supply chain in a timely and cost-effective manner. We also have the flexibility to adjust product specs and price points to address any changes in the market," said Chief Operating Officer Mike Creedon, who has now become the interim CEO.

KKR KKR.N

Oct. 24

"We spend most of our time here focusing on things that we can control. That's (tariffs) not one of them," said CFO Robert Lewin.

Zebra Technologies ZBRA.O

Oct. 29

"The team is actively working on mitigation plans for some of the new tariffs that are coming into place. And we continue to actively work with our supply chain partners," said CFO Nathan Winters.

Elf beauty ELF.N

Nov. 6

"We certainly have run a number of scenarios for potential tariffs. It's still too early to tell what level those may come in, but we have a playbook and we have a number of levers at our disposal," said CFO Mandy Fields.

Axon AXON.O

Nov. 7

"We've certainly lived in an environment of tariffs before. And so our philosophy is generally to be pretty flexible," said CFO Brittany Bagley.

IFF IFF.N

Nov. 6

"Those tariffs could actually intuitively be advantageous to our overall business broadly," said Chief Financial and Business Transformation Officer Glenn Richter.

Under Armour UAA.N

Nov. 7

"It will be interesting to see how things develop with whether we still have a split Congress or not," said CFO David Bergman.

Steven Madden SHOO.O

Nov. 7

"We have been planning for a potential scenario in which we would have to move goods out of China more quickly. We've worked hard over a multi-year period to develop our factory base and our sourcing capability in alternative countries like Cambodia, Vietnam, Mexico, Brazil, et cetera," said CEO Edward Rosenfeld.

"You should expect to see the percentage of goods that we source from China to begin to come down more rapidly going forward."

Tapestry TPR.N

Nov. 7

"Tariff regime is changing over time. So, we're pretty well-versed in managing through this," said CFO Scott Roe.

Home Depot HD.N

Nov. 12

"... Whatever happens in tariffs will be an industry-wide impact, it won't discriminate against different retailers and distributors who are importing goods. The type of product as an industry is generally sourced from the named countries," said CEO Edward Decker.

"There has been some diversification of those sources, but clearly a bit of concentration in Southeast Asia and China in particular. We source well more than half of our goods domestically and in North America, but there certainly will be an impact."

Walmart WMT.N

Nov. 19

"We're concerned that significantly increased tariffs could lead to increased costs for our customers at a time when they are still feeling the remnants of inflation," a Walmart spokesperson said.

"We never want to raise prices ... so we will work with government officials and our suppliers to minimize the impact on our customers."

Lowe's LOW.N

Nov. 19

"Roughly 40% of our cost of goods sold are sourced outside of the U.S., and that includes both direct imports and national brands through our vendor partners," said CFO Brandon Sink.

"And as we look at the potential impacts (of tariffs), it certainly would add to product costs."

Williams-Sonoma WSM.N

Nov. 20

"We significantly reduced our China source goods from 50% to 25% over the last few years," said CFO Jeff Howie.

"We are prepared to reduce our exposure to China further if tariffs increase ... So we're currently evaluating quantifying the impact from additional tariffs."