Trump's trade war causing uncertainty, price hikes, and profit estimate cuts for global businesses

From Yahoo Finance: 2025-04-24 11:06:00

Businesses worldwide are facing uncertainty due to Trump’s trade war, leading to price hikes, revised financial forecasts, and concerns about the global economy. Companies like Procter & Gamble, PepsiCo, and Thermo Fisher Scientific are raising prices and cutting profit estimates due to trade turmoil.

Over 30 companies, including Nestle, Unilever, and Chipotle, have lowered forecasts in response to Trump’s tariffs. Tesla plans to reassess growth forecasts in 3 months due to trade policy. Trump’s tariff announcements have led to market instability and fears of industry-specific levies.

Companies are uncertain about future planning due to ongoing tariff negotiations. P&G is waiting for clarity before making long-term decisions. Market reactions prompted Trump to delay tariffs until July 8, but some tariffs remain in place, causing market fluctuations.

Hyundai Motor and other companies are adjusting production in response to tariffs. Hyundai is considering moving some production from Korea to other locations. Major drugmakers are investing in the U.S. despite concerns about healthcare funding cuts. Chinese e-commerce giant JD.com is offering funds to help exporters sell domestically.



Read more at Yahoo Finance: Trump trade war spreads more gloom across businesses worldwide