WPP CEO Says Most Clients Can Work Way Around Blanket 10% Tariff -- Market Talk

Dow Jones
2025/04/25

1153 GMT - Most WPP clients can cope with a blanket 10% tariff on U.S. imports from abroad, but uncertainty on where levies will end up makes them cautious, CEO Mark Read says. "While it's higher than tariffs have been for some time, it's something that most clients can work their way around. It's really the more kind of the wider range of outcomes that's more problematic," Read says in an interview. Despite the uncertainty, clients of the U.K. advertising group haven't changed spending levels or patterns, he says. Shares fall 0.6%. (adria.calatayud@wsj.com)

 

(END) Dow Jones Newswires

April 25, 2025 07:53 ET (11:53 GMT)

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