Reported 1 day ago
U.S. companies face significant pressure as new tariffs on imports from Mexico and Canada, imposed by President Trump, threaten earnings across various sectors including automobiles, homebuilding, and aerospace. Major companies like Ford and GM have seen stock declines, with estimates suggesting massive financial losses due to increased costs from tariffs. The housing sector also risks rising construction costs, while airlines and hotels are bracing for reduced consumer spending as the trade war escalates.
Source: YAHOO