Philips Slashes 2025 Profit Forecast Amid U.S.-China Tariff Pressures
Published on: May 6, 2025, 1:30 p.m. | Source: Devdiscourse
Dutch healthcare giant Philips has lowered its 2025 profit margin outlook, citing up to €300 million in tariff-related costs as U.S.-China trade tensions ripple across the medical technology sector. The company plans supply chain shifts and localized production to cushion the blow, even as uncertainty clouds the future of healthcare tariffs.
