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Siemens Energy expects hit from U.S. import tariffs, too early to quantify

ReutersFeb 12, 2025 8:35 AM

- Siemens Energy ENR1n.DE will suffer a hit from planned U.S. import tariffs under President Donald Trump, CEO Christian Bruch told journalists on Wednesday, adding that it was too early to quantify the impact on the group's bottom line.

Bruch, speaking after presenting a fresh order book record, said the group expected to be able to pass on any price increases resulting from import tariffs to customers under existing contracts.

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