惠普在特朗普总统的潜在关税之前库存产品

惠普首席执行官恩里克·劳雷斯（Enrique Lores）在达沃斯世界经济论坛上对雅虎财务说：“我们在上个月进行了一些库存的增加。”

HP is stockpiling products ahead of potential tariffs from President Trump, an action that could raise consumer prices for laptops, tablets and smartphones.

惠普正在与特朗普总统的潜在关税之前库存产品，这一行动可以提高笔记本电脑，平板电脑和智能手机的消费价格。

"We did some increases of our own inventory during the last month," HP CEO Enrique Lores told Yahoo Finance at the World Economic Forum in Davos, Switzerland. "It's more final product, not so much components, to mitigate the impact at the beginning."

惠普首席执行官恩里克·劳雷斯（Enrique Lores）在瑞士达沃斯的世界经济论坛上对雅虎金融说：“上个月，我们对自己的库存进行了一些增加。” “从一开始就可以减轻影响的最终产品，而不是很多组成部分。”

Suntory CEO Tak Niinami also told Yahoo Finance at WEF that his company has stockpiled enough whiskey in Europe to last a year.

Suntory首席执行官Tak Niinami还告诉WEF Yahoo Finance，他的公司在欧洲储存了足够的威士忌，持续了一年。

If higher tariffs go into effect, it could raise material costs for HP and force it to raise consumer prices.

如果较高的关税生效，它可能会提高惠普的材料成本，并迫使其提高消费者价格。

The Consumer Technology Association recently estimated that proposed tariffs from the Trump administration could increase laptop and tablet prices by as much as 46%. Smartphones could see a 26% price increase. Trump has floated tariffs of 10% to 20% on most imports and 60% tariffs on Chinese imports.

消费者技术协会最近估计，特朗普政府的拟议关税可能会将笔记本电脑和平板电脑的价格提高多达46％。智能手机的价格可能会增加26％。特朗普将大多数进口的关税提高了10％至20％，对中国进口的关税率为60％。

A board member of a large US electronics retailer told Yahoo Finance at WEF that 50% of their time is currently spent studying possible tariff scenarios. A good chunk of what the company sells, such as headphones and speakers, is exposed to China, the source said.

一家大型美国电子零售商的董事会成员在WEF告诉Yahoo Finance，目前有50％的时间用于研究可能的关税情况。消息人士称，公司销售的很大一部分，例如耳机和发言人，都暴露于中国。

In a hawkish speech at WEF on Thursday, Trump floated 25% tariffs on the European Union. He didn't say whether he would enact more tariffs on China, as he has suggested consistently.

在周四在WEF上的鹰派演讲中，特朗普对欧盟提出了25％的关税。他没有说他是否会对中国征收更多关税，正如他一直建议的那样。

As tariff concerns swirl, HP has reported a few mixed quarters.

由于关税涉及漩涡，惠普报告了几个混合季度。

Sales of consumer PCs fell 4% in the most recent quarter, while commercial sales improved 5%. Operating margins in the PC division fell sharply year over year.

最近一个季度，消费电脑的销售额下降了4％，而商业销售额提高了5％。 PC部门的营业利润率逐年下降。

Similar to the previous quarter, commercial clients are upgrading their computers ahead of Microsoft (MSFT) ending support for Windows 10 in October 2025.

与上一季度类似，商业客户正在2025年10月在Microsoft（MSFT）结束对Windows 10的支持之前升级其计算机。

Consumer PCs are under slight pressure as customers await new AI computer releases and spend more money on experiences.

随着客户等待新的AI计算机发布并在体验上花费更多的钱，消费电脑的压力很小。

"The challenging near-term fundamentals for the PC market are already well understood, although HPQ is facing greater headwinds in relation to competitive pricing dynamics in the market as it attempts to pass through pricing to recover higher memory costs," JPMorgan analyst Samik Chatterjee said in a client note.

JPMorgan分析师Samik Chatterjee说：“尽管HPQ试图通过定价来恢复更高的记忆成本，但在PC市场上充满挑战的近期基础知识已经对市场上的逆风而言，尽管HPQ面临着更大的逆风。”在客户注释中。

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Brian Sozzi is Yahoo Finance's Executive Editor. Follow Sozzi on X @BrianSozzi, Instagram and on LinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com.

Brian Sozzi是Yahoo Finance的执行编辑。在X @briansozzi，Instagram和LinkedIn上关注Sozzi。关于故事的提示？发送电子邮件至brian.sozzi@yahoofinance.com。

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Suntory首席执行官说，由于可能的特朗普关税，该公司已在欧洲库存威士忌

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