Procter & Gamble said that it would pull every lever in its arsenal—including possibly changing product formulations—to mitigate the impact of tariffs. The maker of Tide laundry detergent and Pantene shampoo could also look to source products from different places,

The strategy is similar to P&G's playbook during the COVID-19 pandemic and when inflation skyrocketed after. But the gambit this time is risky.