3M anticipates facing $850 million in tariff-related costs this year without mitigation efforts, with $675 million of that attributed to China-related tariffs and the remainder from non-exempt products under the USMCA and other tariffs. The company currently holds 90 days of inventory to lessen immediate financial impacts, but expects to feel the effects more acutely in the latter half of the year if tariffs persist. 3M is exploring adjustments in sourcing and logistics to reduce costs and is actively negotiating price adjustments with customers while evaluating operational efficiencies.

Source: https://www.supplychaindive.com/news/3m-q1-2025-850-million-tariff-impact-trade-war-china/746438/