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Siemens sees no need to shift production due to tariffs
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Siemens sees no need to shift production due to tariffs
May 26, 2025 8:20 AM

ZURICH, May 15 (Reuters) - Siemens currently

sees no reason to change its production footprint or raise

prices to deal with the impact of tariffs, Chief Financial

Officer Ralf Thomas said on Thursday.

"There is no current plan to change anything, we have a very

well-balanced global value chain, which is allowing us to

respond, most likely better than many of our peers, to changing

environments," Thomas told reporters after Siemens reported its

second-quarter earnings.

Although Siemens had the ability to raise prices to offset

tariffs, this was not an option the company wished to pursue, he

said.

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