Tariffs Raise Near-Term Uncertainty for Vision Care Firms, Especially for Struggling Ones

On April 2, President Donald Trump announced a sweeping set of tariffs on all imports ranging from 10% to varying reciprocal rates, effective on April 5. In response, the broad vision care market opened on April 3 about a mid-single-digit percent down from April 2’s close and firms under our coverage—Alcon, Bausch & Lomb, Carl Zeiss, and Cooper Companies—are all trading at the level or lower at the time of writing.