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Companies from Stanley Black & Decker to Conagra are saying tariffs will cost them hundreds of millions
ConagraConagra(US:CAG) CNBC·2025-07-30 10:51

Group 1: Tariff Impact on Companies - Companies are warning that tariffs will raise costs by hundreds of millions of dollars as the deadline for higher import taxes approaches [1] - Stanley Black & Decker expects an annualized hit of $800 million from tariff-related policy changes [2] - Conagra Brands anticipates a 3% increase in the cost of goods sold due to higher tariffs, translating to over $200 million annually [2] Group 2: Specific Company Effects - Tesla reports an increase in costs tied to tariffs of approximately $300 million, with two-thirds related to its auto business [3] - General Motors experienced a $1.1 billion hit to earnings before interest and taxes attributed to the net effect of tariffs [4] - The impact of steel and aluminum tariffs is also affecting companies like Conagra Brands, despite most of their production being in the U.S. [3]