Medtronic Warns of $200 Million Tariff Hit and Lowers Earnings Outlook
Medtronic just took a $200 million punch to the gut—courtesy of tariffs. And Wall Street didn’t exactly send flowers. In a move that had investors blinking twice at their screens, the medical device giant said Tuesday it’s bracing for a $200 million hit this fiscal year due to tariffs tied to U.S.-China trade tensions. Ouch. … Read more