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What companies say about impact of Trump MAGA policies

February 19, 2025 | by ltcinsuranceshopper

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CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on Jan. 20, 2025.

Saul Loeb | Via Reuters

During Mettler-Toledo‘s earnings call Feb. 7, executives found themselves fielding a barrage of questions about one key topic: tariffs.

The Ohio-based maker of industrial scales and laboratory equipment had already opened the call by breaking down the expected impact from President Donald Trump’s still-evolving trade policy. But when the event moved to the question-and-answer portion, the inquiries from analysts seeking further detail about potential tariffs became constant.

“Uncertainty remains across many of our core markets and the global economy,” Chief Financial Officer Shawn Vadala said on the call. “Geopolitical tensions remain elevated, and include the potential for new tariffs that we have not factored into our guidance.”

Mettler-Toledo’s experience wasn’t unique. America’s largest companies are being inundated with queries about how or whether Trump’s salvo of promises on issues ranging from international trade to immigration and diversity will alter businesses.

A CNBC analysis of the earnings calls of S&P 500-listed companies beginning in 2012 shows multiple core themes tied to Trump’s policies are popping up at an increasing clip. Take “tariff.” Just weeks into 2025, the frequency of the word and its variations on earnings calls hit its highest level since 2020 — the last full year of Trump’s first term.

On top of that, new acronyms and phrases, such as “Gulf of America” and “DOGE,” have found their way into these meetings as the business community assesses what Trump’s return to power means for them.

Curiously, Trump himself wasn’t racking up mentions on these calls. Many uses of the word “trump” in transcripts reviewed by CNBC referred to the verb, rather than the president.

A sign outside a facility occupied by Mettler-Toledo International in Columbia, Maryland, March 8, 2020.

Kristoffer Tripplaar | Sipa USA | AP

Still, a review of call transcripts shows how key words tied to Trump’s policies have quickly become commonplace. With the first earnings season of 2025 more than 75% complete, the comments offer an early glimpse into how these companies view the new administration.

Tariffs

Immigration

DOGE and the Gulf



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