Companies are struggling with financial forecasts due to uncertainty of trade war, facing potential impacts.

From Yahoo Finance: 2025-04-23 09:57:00

Uncertainty over tariffs and an unpredictable trade war is causing companies to struggle with financial forecasts. Treasury Secretary Scott Bessent expects a “de-escalation” in the U.S.-China trade war, but talks have not formally started. Tesla is facing potential impacts from tariffs on its energy business as it sources LFP battery cells from China. Akzo Nobel, a paint and coatings maker, is concerned about lower demand for its products due to potential tariffs. The company has localized procurement and production in the U.S. to mitigate risks. Broad tariffs could squeeze consumers and businesses, impacting sales.



Read more at Yahoo Finance: How Tesla and other companies are dealing with the uncertainty of the trade war