1230 ET - Carrier Global is thinking about tariffs by category. The air-conditioning and building-automation company's first category relates to what's been implemented such as those concerning China. CEO David Gitlin on an earnings call says the second bucket relates to Mexico, Canada and Europe, which Carrier also feels confident it can and will mitigate as well. "The big one that we have to keep an eye on is Mexico because we have operations down there," he adds. Gitlin emphasizes much about tariffs remains to be seen, and that the company is looking at pricing measures and actions to mitigate any impact it can't fully mitigate through pricing and supply chain issues. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
February 11, 2025 12:30 ET (17:30 GMT)
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