Philips saw its shares surge by up to 14% Tuesday after raising its profit outlook. The improved forecast comes despite the company absorbing a significant financial impact from tariffs. Philips cited successful mitigation strategies as the reason for the positive revision. Meanwhile, automaker Stellantis announced it expects to incur a $1.7 billion charge related to tariffs, highlighting the uneven impact of trade levies across different industries. The contrasting fortunes underscore the importance of proactive tariff management in the current global economic climate.