Some of the world’s biggest producers of food, consumer goods, and cars delivered stronger-than-expected quarterly results, easing investor concerns over Trump’s import tariffs. Companies faced over $35 billion in tariff-related costs and disrupted supply chains. Volvo Cars saw a 40% increase in shares due to cost-cutting measures. Unilever reported strong sales growth, while Adidas raised profit guidance. Hasbro and Ford also raised forecasts. However, some companies like Essity and Michelin are facing challenges due to rising costs and tough markets. Overall, positive results are fueling stock market rallies amid low expectations.
Read more at Yahoo Finance: Early quarterly earnings reveal businesses adapting to Trump’s tariffs
