Caterpillar warns of $1.5B tariff hit as machinery prices slide
Dive Brief: Caterpillar is bracing for tariff headwinds between $1.3 billion and $1.5 billion for the year despite mitigation and cost control efforts, CFO Andrew Bonfield said during a second quarter earnings call Tuesday. The construction and mining equipment maker saw a nearly $350 million tariff impact in Q2, and is expecting higher trade-related costs in…

