Aussie glove maker Ansell stands to lose most with Trump's 'Liberation Day' tariffs

Quick Summary:

Shares in Ansell reversed course on Friday after having tumbled 25% from their February highs in the previous session, as the company unveiled plans to fully offset the tariff increases through pricing.

Craig Wong-Pan of RBC Capital Markets estimates that, without mitigation, the tariffs could pose a hit of A$220 million to A$230 million ($139.46 million to $145.80 million) to Ansell's 2026 earnings.

Despite the immediate market reaction, Ansell has signaled confidence in its ability to mitigate the tariff impact.

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Category: EconomyBusiness

Markets: MalaysiaAustraliaBrazilChinaIndiaLithuaniaPortugalSri LankaThailandVietnam

Topics: Corporate News Tariff Ansell /Business/Business News Glove

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-04 @ 10:21:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 391 words

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News ID: 27575312

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