BUZZ-Cimpress tariff hit limited to $10 mln, shares rise

Reuters
03-08
BUZZ-Cimpress tariff hit limited to $10 mln, shares rise

** Shares of Cimpress CMPR.O rise 5.3% to $46.45, ending a 4-day slide

** Co says it estimates annual impacts of tariffs to be less than $10 million, before considering potential mitigation activities — SEC filing

** Most of CMPR's products from Canada and Mexico are exempt from tariffs because they are considered "informational materials" that promote free speech, co says

** Some products may be exempt from tariffs due to the "de minimis" rule, which applies to orders under $800 per customer per day — CMPR

** Co doesn't expect a significant impact from tariffs on Chinese imports, as they mainly affect raw materials, not finished goods

** Co also evaluating long-term changes to its North American production footprint to increase tariff resilience and flexibility amongst other benefits

** U.S. President Donald Trump has suspended the 25% tariffs on imports from Canada and Mexico for a month, while tariffs on Chinese goods have been increased from 10% to 20% this week

** Stock fell ~8% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10