The company’s CFO, Joseph Wolk, stressed that the company is adopting a cautious stance on the US government’s trade measures
Johnson & Johnson estimates that imports on imports, especially from China metals and products, will have a financial impact of about $ 400 million by 2025, according to information released by the company’s leadership on Tuesday, 15.
The company’s CFO, Joseph Wolk, stressed that the company is adopting a cautious stance on the US government’s trade measures. “We want to be defender with the Trump government regarding tariffs,” he said.
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Despite the additional costs, the executive stressed that the health sector maintains solidity even in challenging economic scenarios. “The demand for health is solid, more resistant to recessions than other sectors,” he said.
However, Johnson & Johnson CEO Joaquin Duato argued that tax incentives would be more effective than tariffs to stimulate production in the US.
“We recommend tax policies instead of rates to boost American manufacturing,” he said. Source: Dow Jones Newswires.