Schindler faces $91 million tariff hit if Trump's proposed China duty is implemented
24/10/2025 09:27
Oct 24 (Reuters) - Lift maker Schindler SCHP.S expects tariffs to have a gross impact of 72 million Swiss francs ($91 million) on its annual results if President Donald Trump's proposed 100% tariff on Chinese imports from November 1 comes into effect, its finance chief said on Friday. If U.S. import duties remain at the current level, their estimated annual gross impact will be 35 million francs, Chief Financial Officer Carla De Geyseleer said in a post-earnings call with analysts. That is 5 million francs higher than the previously communicated estimate. ($1 = 0.7931 Swiss francs) (Reporting by Bernadette Hogg in Gdansk, editing by Milla Nissi-Prussak) ((bernadette.hogg@thomsonreuters.com))
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