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Siemens Energy raises prices for new US orders to counter tariff impact
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Siemens Energy raises prices for new US orders to counter tariff impact
May 26, 2025 3:44 AM

FRANKFURT, May 8 (Reuters) - Siemens Energy

on Thursday said it was looking to raise prices for new orders

in the United States and seeking alternative suppliers for parts

it needs to import to counter the impact of tariffs.

In presentation slides published alongside final

second-quarter results, the group said its strong U.S. footprint

already offered some protection from import tariffs imposed last

month, expecting a hit of less than 100 million euros ($113

million) to profits.

($1 = 0.8841 euros)

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