Trump's proposed tariffs will lead to higher global inflation, Siemens CEO says
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Siemens CEO Roland Busch stated that President-elect Donald Trump's proposed tariffs could increase global inflation and prices, but he does not foresee a direct impact on Siemens' business.
November 14, 2024 | 9:15 am
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Siemens CEO Roland Busch believes Trump's proposed tariffs could raise global inflation and prices, but doesn't anticipate a direct impact on Siemens.
The CEO of Siemens, Roland Busch, mentioned that while Trump's tariffs could lead to higher global inflation, Siemens is not expected to be directly affected. This suggests a neutral short-term impact on Siemens' stock price.
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