Health care company says Trump tariffs will cost it $60M–$70M this year

Baxter International, a major health care manufacturer, has announced that President Trump's tariffs are projected to cost the company $60 million to $70 million in 2025. During an earnings call, CFO Joel Grade noted that while a significant portion of their products is made in the US, international procurement still subjects them to tariff impacts. This situation highlights the broader implications of trade policies on healthcare companies. For more details, read the full article. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Ars Technica