Why GE HealthCare Technologies Stock Fell Today
Shares in GE HealthCare Technologies (NASDAQ: GEHC) were down 9.5% at 1 p.m. today. The decline follows the U.S.'s wide-scale implementation of tariffs. GE HealthCare is a truly global company, and the tariff actions will negatively impact its business.
The company generated about $9 billion in revenue from North America in 2024, and $10.7 billion from the rest of the world (including $2.4 billion from China). It's a global company, competing with leading healthcare equipment companies like Siemens Healthineers and Philips Healthcare. With 53,000 employees around the globe (only 17,000 in the U.S.), including 7,000 in China, GE HealthCare is exposed to tariff actions in two ways.
First, retaliatory tariff actions and trade conflicts will likely make its equipment less competitive internationally. Second, as acknowledged in the company's SEC 10-K filing, "tariffs, and any future tariffs, including on products from Mexico or Canada, by the United States or other countries, will likely result in additional costs to us."
Source Fool.com
