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Trump's trade war costs companies more than $34 billion
short by Pragya Swastik / on 30 May 2025,Friday
US President Donald Trump's trade war has cost companies over $34 billion in lost sales and higher costs, a Reuters analysis of corporate disclosures found. The tariffs, which impact automakers, airlines, and consumer goods importers significantly, have forced companies like Apple, Ford, Porsche and Sony, to pull or slash their profit forecasts. Economists predict final costs will be much higher.
short by Pragya Swastik / 09:23 am on 30 May
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