Cummins withdraws 2025 financial forecast on tariff woes
"Due to growing economic uncertainty, the company is not providing an outlook for revenue or profitability for the remainder of 2025," Cummins said in its earnings release. The North American trucking market, already dealing with an oversupply of equipment, is now confronted with new challenges arising due to the erratic import tariffs. General Motors pulled its annual forecast earlier this month, days after pausing plans to buy back $2 billion of shares in the first half of the year.