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...
'An important feature of modern international trade is that most trade is in inputs, not final products. The classic caricature of international trade in textbooks of trading cloth for wine could not be further from the truth.' TARIFFS ADD TAX TO INPUT COSTS IN USA share.google/KdbxUMmRc4rW...
'Modern-day trade is about intermediate products that cross borders multiple times, with value added at each point in the production chain... ~56 percent of all U.S. imports in 2024 were intermediate goods' SO, TARIFFS ADD TAX TO INPUT COSTS IN AMERICA share.google/KdbxUMmRc4rW...
Trump Tariff Tax: 'In June 2018, the U.S. imposed tariffs on all imports of steel (25 percent) and aluminum (10 percent). Seven years later, these appear to have done little to reverse the 35-year decline in steel and aluminum production jobs in the U.S.' share.google/xRszev5aqBSu...