Tariffs have emerged as a key theme in earnings calls so far, as corporate executives weigh the potential effects of President Trump’s tariffs and seek to mitigate the impact of increased duties.⁠ ⁠ "AI-identified mentions of tariffs on S&P 500 earnings calls have surged under the incoming Trump administration’s threat of significant US import tariffs, with the industrial sector seeing the largest spike,” Bloomberg's Michael McDonough told us in this year's Yahoo Finance Chartbook.⁠ https://finance.yahoo.com/news/yahoo-finance-chartbook-44-charts-that-tell-the-story-of-markets-and-the-economy-to-start-2025-105856766.html