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Corning CEO says tariffs have minimal impact due to US-focused production and innovation strategy

Market News
17 Aug 2026
24/7 Wall Street
View Source
Bullish
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Corning CEO Wendell Weeks stated on Mad Money that tariffs have a negligible effect on the company because 90% of its U.S. revenue comes from products made in the U.S., and only 1% of U.S. sales are from Chinese factories. This strategy of locating plants near customers and focusing on innovation rather than low-cost labor has insulated Corning from trade tensions. Despite some market concerns, Corning's strong Q2 results and positive guidance reflect operational strength, with significant revenue growth and margin expansion. Investors will watch how the market responds to this tariff risk framing as Corning moves into Q3.

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