Tariffs and trade barriers
190 of 521 companies added a paragraph in Risk Factors that uses one of these words:
tariff, tariffs, trade war, import duties, customs duties, export controls.
The paragraph is in the latest 10-K and nothing like it was in the one before.
It counts text; it does not say how serious a risk is. Words in capitals only (such as AI) must be in capitals.
By sector
Sector is the SEC's industry description of the company. Each count opens that sector's quotes below.
| Sector | Companies | Compared |
|---|---|---|
| Arrangement of Transportation of Freight & Cargo | 2 | 2 |
| Cutlery, Handtools & General Hardware | 2 | 2 |
| Instruments For Meas & Testing of Electricity & Elec Signals | 2 | 2 |
| Optical Instruments & Lenses | 2 | 2 |
| Aircraft | 1 | 1 |
| Aircraft & Parts | 1 | 1 |
| Apparel & Other Finishd Prods of Fabrics & Similar Matl | 1 | 1 |
| Canned, Fruits, Veg, Preserves, Jams & Jellies | 1 | 1 |
| Communications Equipment, NEC | 1 | 1 |
| Communications Services, NEC | 1 | 1 |
| Electromedical & Electrotherapeutic Apparatus | 1 | 1 |
| Engines & Turbines | 1 | 1 |
| Farm Machinery & Equipment | 1 | 1 |
| Gas & Other Services Combined | 1 | 1 |
| General Industrial Machinery & Equipment, NEC | 1 | 1 |
| Grain Mill Products | 1 | 1 |
| Guided Missiles & Space Vehicles & Parts | 1 | 1 |
| Heavy Construction Other Than Bldg Const - Contractors | 1 | 1 |
| Leather & Leather Products | 1 | 1 |
| Meat Packing Plants | 1 | 1 |
| Metal Mining | 1 | 1 |
| Misc Industrial & Commercial Machinery & Equipment | 1 | 1 |
| Miscellaneous Food Preparations & Kindred Products | 1 | 1 |
| Oil & Gas Field Machinery & Equipment | 1 | 1 |
| Ophthalmic Goods | 1 | 1 |
| Ordnance & Accessories, (No Vehicles/Guided Missiles) | 1 | 1 |
| Paper Mills | 1 | 1 |
| Poultry Slaughtering and Processing | 1 | 1 |
| Radiotelephone Communications | 1 | 1 |
| Retail-Eating & Drinking Places | 1 | 1 |
| Retail-Home Furniture, Furnishings & Equipment Stores | 1 | 1 |
| Retail-Radio, Tv & Consumer Electronics Stores | 1 | 1 |
| Services-Detective, Guard & Armored Car Services | 1 | 1 |
| Services-Engineering, Accounting, Research, Management | 1 | 1 |
| Services-Misc Health & Allied Services, NEC | 1 | 1 |
| Special Industry Machinery, NEC | 1 | 1 |
| Telephone & Telegraph Apparatus | 1 | 1 |
| Television Broadcasting Stations | 1 | 1 |
| Wholesale-Motor Vehicle Supplies & New Parts | 1 | 1 |
| Biological Products, (No Diagnostic Substances) | 4 | 5 |
| Laboratory Analytical Instruments | 4 | 5 |
| Semiconductors & Related Devices | 11 | 15 |
| Computer & office Equipment | 2 | 3 |
| Computer Communications Equipment | 2 | 3 |
| Electronic Computers | 2 | 3 |
| Measuring & Controlling Devices, NEC | 2 | 3 |
| Natural Gas Transmission | 2 | 3 |
| Plastic Materials, Synth Resins & Nonvulcan Elastomers | 2 | 3 |
| Services-Consumer Credit Reporting, Collection Agencies | 2 | 3 |
| Wholesale-Drugs, Proprietaries & Druggists' Sundries | 2 | 3 |
| Pharmaceutical Preparations | 7 | 11 |
| Industrial Instruments For Measurement, Display, and Control | 3 | 5 |
| Orthopedic, Prosthetic & Surgical Appliances & Supplies | 3 | 5 |
| Finance Services | 15 | 28 |
| Services-Business Services, NEC | 8 | 16 |
| Motor Vehicles & Passenger Car Bodies | 2 | 4 |
| Retail-Eating Places | 2 | 4 |
| Search, Detection, Navigation, Guidance, Aeronautical Sys | 2 | 4 |
| Security & Commodity Brokers, Dealers, Exchanges & Services | 2 | 4 |
| Agricultural Chemicals | 1 | 2 |
| Aircraft Engines & Engine Parts | 1 | 2 |
| Fats & Oils | 1 | 2 |
| Industrial Organic Chemicals | 1 | 2 |
| Men's & Boys' Furnishgs, Work Clothg, & Allied Garments | 1 | 2 |
| Paperboard Containers & Boxes | 1 | 2 |
| Printed Circuit Boards | 1 | 2 |
| Rubber & Plastics Footwear | 1 | 2 |
| Services-General Medical & Surgical Hospitals, NEC | 1 | 2 |
| Services-Medical Laboratories | 1 | 2 |
| Services-To Dwellings & Other Buildings | 1 | 2 |
| Telephone Communications (No Radiotelephone) | 1 | 2 |
| Trucking (No Local) | 1 | 2 |
| Beverages | 2 | 5 |
| Computer Storage Devices | 2 | 5 |
| Retail-Variety Stores | 2 | 5 |
| Services-Computer Programming, Data Processing, Etc. | 2 | 5 |
| Investment Advice | 3 | 8 |
| National Commercial Banks | 4 | 11 |
| Electric Services | 5 | 15 |
| Electric & Other Services Combined | 4 | 12 |
| Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip | 1 | 3 |
| Electrical Work | 1 | 3 |
| General Industrial Machinery & Equipment | 1 | 3 |
| Life Insurance | 1 | 3 |
| Perfumes, Cosmetics & Other Toilet Preparations | 1 | 3 |
| Services-Commercial Physical & Biological Research | 1 | 3 |
| Services-Computer Integrated Systems Design | 1 | 3 |
| Surgical & Medical Instruments & Apparatus | 3 | 10 |
| Real Estate Investment Trusts | 8 | 27 |
| Crude Petroleum & Natural Gas | 2 | 7 |
| Fire, Marine & Casualty Insurance | 3 | 12 |
| Electronic & Other Electrical Equipment (No Computer Equip) | 1 | 4 |
| Services-Prepackaged Software | 4 | 19 |
| Petroleum Refining | 1 | 6 |
| State Commercial Banks | 1 | 6 |
| Security Brokers, Dealers & Flotation Companies | 1 | 7 |
454 paragraphs · Paper Mills show all sectors
conditions, tariff policies and heightened trade policy uncertainty but also by slowing global economic growth,
Read in the 10-K filed Feb 27, 2026 ↗
could be adversely affected by changes in economic conditions and demographics, including as a result of tariffs.
Read in the 10-K filed Feb 27, 2026 ↗
tariffs, tax benefits and other measures may give local producers a competitive advantage and adversely impact our
Read in the 10-K filed Feb 27, 2026 ↗
scope of certain tariffs imposed on goods imported into the U.S., such as from China, which may strain international
Read in the 10-K filed Feb 27, 2026 ↗
trade relations and increase the risk that foreign governments implement retaliatory tariffs on goods imported from
Read in the 10-K filed Feb 27, 2026 ↗
the United States. Specifically, the U.S. federal government implemented tariffs on certain foreign goods and may
Read in the 10-K filed Feb 27, 2026 ↗
implement additional tariffs on foreign goods. If lasting, such tariffs and any further legislation or actions taken by the
Read in the 10-K filed Feb 27, 2026 ↗
U.S. federal government that restrict trade, such as additional tariffs, trade barriers, and other protectionist or
Read in the 10-K filed Feb 27, 2026 ↗
to sell products and services in our international markets. Tariffs have increased the cost of certain capital items,
Read in the 10-K filed Feb 27, 2026 ↗
products and services. Conversely, these tariffs and retaliatory tariffs may be subject to further changes or
Read in the 10-K filed Feb 27, 2026 ↗
conditions in some instances. Due to this uncertainty, the ultimate impact of any tariffs and trade tension is unclear
Read in the 10-K filed Feb 27, 2026 ↗
and will depend on various factors, including if there are negotiated bilateral agreements to remove or lower tariffs,
Read in the 10-K filed Feb 27, 2026 ↗
and the timing, amount, scope and nature of the tariffs that remain implemented.
Read in the 10-K filed Feb 27, 2026 ↗
Court struck down several of the sweeping tariffs imposed through a series of executive orders, holding that the
Read in the 10-K filed Feb 27, 2026 ↗
tariffs exceeded the authority granted under the International Emergency Economic Powers Act. The Court's ruling
Read in the 10-K filed Feb 27, 2026 ↗
eliminated key tariffs on imports from numerous major trading partners and created uncertainty regarding the status
Read in the 10-K filed Feb 27, 2026 ↗
of various trade agreements and tariff related obligations. The Court did not determine whether importers are owed
Read in the 10-K filed Feb 27, 2026 ↗
refunds for tariffs previously paid, although estimates suggest that potential refunds could be substantial, and
Read in the 10-K filed Feb 27, 2026 ↗
the government announced new Executive Orders on February 20, 2026, aimed at restructuring U.S. tariff policy
Read in the 10-K filed Feb 27, 2026 ↗
and exploring alternative statutory authorities to impose or maintain tariffs. The scope, timing, and implementation of
Read in the 10-K filed Feb 27, 2026 ↗
these Executive Orders remains uncertain, and may result in new or modified tariff regimes, additional regulatory
Read in the 10-K filed Feb 27, 2026 ↗
requirements, or further trade friction with U.S. trading partners. We may become entitled to refunds of certain tariffs
Read in the 10-K filed Feb 27, 2026 ↗