Hey everyone! In the midst of rising global trade uncertainties, US companies across key sectors—retail, auto, and tech—are sounding the alarm over how tariffs are shaking up profits. President Donald Trump's tariff policies have put a financial strain on these giants, sparking discussions on how supply chains and consumer prices might be impacted. 😮
For instance, Apple is bracing for a hefty hit. During a recent earnings call, Apple CEO Tim Cook revealed that the current global tariff rates could add as much as $900 million to the company's costs this quarter. Although they’ve shifted supply chains and managed inventory to lessen the blow, the longer-term outlook remains challenging.
Meanwhile, in the auto sector, General Motors (GM) has warned of up to $5 billion in potential exposure to tariff-related costs this year. With supply chain pressures and rising input prices, GM’s letter to shareholders emphasized that the escalating trade tensions could disrupt earnings and change the game for the industry. 🚗
These developments are a stark reminder that global trade policies resonate far beyond boardrooms. Whether you're catching up on the latest tech trends in Bangalore or following auto innovations in Jakarta, changes in international trade can eventually touch every corner of our interconnected world. Stay informed and keep an eye on how these shifts might shape our future! 😊
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US retail, auto, tech giants warn of profit shocks amid tariff war
cgtn.com
