Australia's Reliance Worldwide anticipates $25-35 million hit from US import tariffs
04/05/2025 23:49
May 5 (Reuters) - Australia's Reliance Worldwide Corporation RWC.AX on Monday said it expects that the net cost impact of U.S. import tariffs on its fiscal 2026 operating earnings will be in the range of US$25 million to US$35 million. The construction supply maker said the impact reflects, among others, the time lag associated with switching product sourcing from China to other countries in a move to offset the impacts of the newly implemented tariffs. (Reporting by Adwitiya Srivastava in Bengaluru; Editing by Kim Coghill) ((Adwitiya.Srivastava@thomsonreuters.com;))
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