American companies killed by Trump Tariff Tax. GM says Trump tariffs knocked $1.1bn off its operating income last quarter. US automaker’s second-quarter core profit fell 32% and it expects tariff impact to worsen in the third quarter www.theguardian.com/business/202...
It won’t make a difference if it doesn’t hit the wealthy hard. And when it does, our tax $ will be used to bail them out…again
Trump Tariff Tax: 'The ten largest US ports recorded a 7.9% year-over-year drop in inbound container volume in June, marking the second consecutive month of declines following May’s 6.6% decrease' gcaptain.com/falling-cont...
Container imports fall. Trump: “The downward turn in 2025 will be due to tariffs and unfortunately there is nothing at present that suggests it will be short-lived. More than ever, it now looks like notable tariffs will be in place at least during the balance of the current administration.”
Trump Tratiff tax: Cummins withdrew its forecast for 2025, as CEO Jennifer Rumsey said the truck engine maker faced “growing economic uncertainty driven by tariffs” and as customers endured an “increasingly challenging environment.” share.google/MXr0FWGaL8pr...
Trump tariff tax: McDonald’s reported a 3.6% decline in U.S. same-store sales through its first quarter in 2025, the largest decrease since an 8.7% dip in 2020, as the fast food giant said consumers were “grappling with uncertainty.” share.google/5VXjli6rev4M...
Trump tariff tax: UPS pulled its full-year guidance after previously forecasting revenue of $89 billion for 2025, citing the “current macro-economic uncertainty” as the shipping giant also announced it would lay off 20,000 workers by the end of the year.
Trump tariffs: PepsiCo lowered its earnings forecast for 2025 as the company expects “more volatility and uncertainty,” CEO Ramon Laguarta said, as PepsiCo said it faces higher supply chain costs because of tariffs, “elevated macroeconomic volatility and a subdued consumer backdrop.”
Trump tariffs: Skechers pulled its full-year outlook while citing “macroeconmic uncertainty stemming from global trade policies,” as CFO John Vandemore likened the economic environment to the pandemic. Here Are The Major U.S. Companies Warning About Tariffs share.google/jplFuHgJrGZP...
Several companies have announced layoffs while citing the impact of Trump’s tariffs. Here Are The Major U.S. Companies Warning About Tariffs In Their Earnings Reports share.google/0BqoRR9RW2xU...
Trump: Mack Trucks and Volvo Group told Forbes earlier this month that a combined 800 employees were laid off at facilities on the East Coast, with both automakers citing “market uncertainty,” the likelihood of “possible regulatory changes” and the “impact of tariffs.” share.google/0BqoRR9RW2xU...
Trump tariffs: 'Goldman Sachs wrote in a note on April 15 that about 100,000 manufacturing jobs would be created because of Trump’s tariffs, though they would also likely remove up to 500,000 jobs across all industries.' The Major U.S. Companies Warning About Tariffs share.google/pHXrrEk4PoL3...
Tariffs reduce profits: 'Jeep-maker Stellantis on Monday warned that tariffs would significantly affect results in the second half of 2025, and said tariffs cost it about $350m. US inflation rose in June 2025 to 2.7% from 2.4% in May, as companies have raised prices in response to tariff rates'
God forbid the shareholders should suffer!
Trump mess: Genuine Parts- Atlanta-based company that sells auto & industrial replacement parts around the world, trimmed its profit forecast for the full year re "U.S. tariffs currently in effect,” along with its updated expectations for business conditions in the second half of the year.
Did Trump’s tariffs benefit American workers?? Many workers are employed in factories that use imported goods as inputs in their production processes, and when these imports increase in cost due to tariffs, it harms their production, often leading to job losses. share.google/NFimo7FegW2n...
Did Trump’s tariffs benefit American workers?? When the U.S. unilaterally imposes tariffs, American trading partners often implement retaliatory tariffs which may limit U.S. export production, ultimately harming workers in these industries share.google/NFimo7FegW2n...
When economists have attempted to add up the net effect of Trump’s tariffs on jobs, any gains in importing-competing sectors appear to have been more than offset by losses in industries that use imported inputs and face retaliation on their foreign exports. share.google/KfwBkdVguFpq...
When negotiating trade agreements, countries want partners whose policies are stable and predictable, with the goal of establishing a long-term, win-win partnership. Trump’s eagerness to resort to tariffs... has made the U.S. a less desirable trade partner for other countries.
Trump’s focus on extracting bilateral concessions will do nothing to position U.S. industry to be more competitive in the future. Revenue generated from tariffs is deposited in the U.S. Treasury; it is not used to finance US competitiveness, train workers for the jobs of tomorrow, or support R&D
Trump effect: Abercrombie & Fitch, despite surpassing first-quarter projections for earnings and revenue, according to FactSet, lowered its profit outlook for 2025 and cited a 30% tariff on imports from China and a 10% tariff on all other imports, with an expected $50 million hit to profits.
Target will likely have sales decline throughout 2025, the retailer said after previously projecting a 1% growth, as CEO Brian Cornell & CCO Rick Gomez reportedly blamed weaker spending amid uncertainty about tariffs and backlash to the company’s phasing out of diversity, equity & inclusion efforts
Trump effect: Walmart CEO Doug McMillon told investors the company would “do our best to keep our prices as low as possible,” but warned Walmart was unable to “absorb all the pressure given the reality of narrow retail margins” and that “higher tariffs will result in higher prices.”