{"id":263271,"date":"2025-10-31T17:31:13","date_gmt":"2025-10-31T17:31:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/263271\/"},"modified":"2025-10-31T17:31:13","modified_gmt":"2025-10-31T17:31:13","slug":"trump-floats-eliminating-china-fentanyl-tariffs-as-xi-makes-first-comments-on-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/263271\/","title":{"rendered":"Trump floats eliminating China fentanyl tariffs as Xi makes first comments on deal"},"content":{"rendered":"\n<p class=\"yf-1090901\">Mining and construction machinery maker Caterpillar (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/CAT\" data-ylk=\"slk:CAT;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">CAT<\/a>) expects to see a greater impact from tariffs this year than it previously forecast.<\/p>\n<p class=\"yf-1090901\">In the company&#8217;s third quarter earnings presentation, Caterpillar noted a full-year net impact from tariffs of between $1.6 billion and $1.75 billion. Previously, the company guided for a tariff hit of $1.3 billion to $1.5 billion.<\/p>\n<p class=\"yf-1090901\">CEO Joseph Creed said the company is evaluating long-term options to manage the tariffs. But the constant shifting of duties is making it difficult to determine where to allocate investments, he explained.<\/p>\n<p class=\"yf-1090901\">&#8220;If we&#8217;re going to make longer-term adjustments to really offset tariffs in that way, it will require investments to do that, and that will take time,&#8221; Creed said on the company&#8217;s earnings call. &#8220;Because we&#8217;ll have to certify components, we have to buy tooling, we have to validate them, and test them.&#8221;<\/p>\n<p class=\"yf-1090901\">&#8220;For us to make those types of decisions, we really need to have a greater level of predictability and stability in the situation,&#8221; he continued. &#8220;It&#8217;s just right now, if we do something that requires investment, I don&#8217;t want to have to spend that money and then turn around and spend money to reverse it. So we&#8217;re trying to take a measured approach.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Mining and construction machinery maker Caterpillar (CAT) expects to see a greater impact from tariffs this year than&hellip;\n","protected":false},"author":2,"featured_media":263272,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,144,3,968,141769,21,19,22,20,25,24,6132],"class_list":["post-263271","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-america","tag-china","tag-news","tag-president-trump","tag-tariff-reductions","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa","tag-xi-jinping"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/263271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=263271"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/263271\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/263272"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=263271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=263271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=263271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}