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Caterpillar Says Tariffs May Cost It $200 Million, But That’s Fine ‘Cause They Can Always Just Raise Prices
When last we checked on global economic bellwether and maker of giant yellow things, Caterpillar, the company was busy trying to explain a particularly unfortunate communications misstep from their Q1 earnings call.
Specifically, the company said this after reporting what was otherwise a great quarter:
And it’s often the case the first quarter got off to a slow start for projects spent. We expected targeted investments for future growth to be higher over the remaining three quarters. The out
