Business
What Wall Street Is Saying About the Tariffs Ruling
Wall Street doesn’t believe the impact of the Supreme Court’s IEEPA tariff decision will be all that significant.
Tariffs have increased costs and eaten into profits at companies ranging from Caterpillar to General Motors. Still, most manufacturing stocks have been strong over the past year, with management teams working to offset the impact of new levies on imports.
William Blair industrial analyst Ryan Merkel wrote Friday that the impact of the decision was likely “small and may be offset by new tariffs,” adding that tariffs have been responsible for about one-third of recent price hikes by industrial distributors. The prices of one such distributor, Fastenal, rose about 3 percent in the fourth quarter of 2025–while pricing was flat in the fourth quarter of 2024.