Lates News

The media's analysis of corporate information disclosure shows that Trump's trade war has caused companies more than $34 billion in sales losses and higher costs. The continuous uncertainty of tariffs has paralyzed decision-making for some of the world's largest companies, with the expected losses set to increase. Companies such as Apple, Ford, Porsche, and Sony in the United States, Asia, and Europe have all lowered or significantly lowered profit expectations. The vast majority of companies say that the instability of Trump's trade policies has made it difficult for them to accurately estimate costs. This assessment includes 32 companies in the S&P 500 index, 3 companies in the Stoxx Europe 600 index, and 21 companies in the Nikkei 225 index. Economists say that the costs to companies could be several times higher than the costs disclosed by companies so far.