1156 ET - IBM CFO James Kavanaugh says the company has diversified its supply chain for the past few years and impacts from escalating tariffs have been minimal. Goods imported to the U.S. represent less than 5% of IBM's overall spending, Kavanaugh says. IBM CEO Arvind Krishna says the company appreciates the Trump Administration's "focus on economic growth and rational regulation." "We believe this will result in long-term value creation and make it easier for technology to contribute to economic growth," Krishna said. Shares fall 7.5% to $226.91. (roshan.fernandez@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 11:56 ET (15:56 GMT)
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