Reported about 11 hours ago
Trump's tariffs are causing widespread uncertainty in the business world, leading companies like General Motors and Volvo to withdraw forecasts and Adidas to warn of price increases. The impact of these trade policies is affecting consumer spending and prompting many companies to consider significant spending cuts or operational restructuring, reflecting a looming economic downturn. With numerous companies adjusting their forecasts amid tariff uncertainty, the situation emphasizes the challenges faced in the global trade landscape.
Source: YAHOO