Siemens Energy CEO: US tariffs are 'annoying but manageable'
ReutersMay 8, 2025 7:38 AM
FRANKFURT, May 8 (Reuters) - Siemens Energy ENR1n.DE is currently able to limit the impact of U.S. tariffs due to its roughly 5,000 U.S.-based suppliers and thanks to price increases it can pass on as most order contracts allow this, its CEO Christian Bruch said.
The import tariffs, which were imposed by the administration under U.S. President Donald Trump, were "annoying but manageable", Bruch told journalists after presenting second-quarter results.
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