Caterpillar, a big company that makes construction and mining equipment, saw its stock price go down because of new tariffs (taxes on imported goods).
These tariffs affect goods from Mexico, Canada, and China, making Caterpillar's products more expensive.
This is bad news because Caterpillar makes and sells things all over the world.
- Tariffs make Caterpillar's products pricier.
- It costs more to make things with higher tariff costs.
- Slower global growth could hurt sales.
| Impact | Details |
|---|---|
| Stock Price | Down 3.2% |
| Tariffs on goods from Mexico and Canada | 25% |
| Tariffs on goods from China | 20% |
