Trump's tariffs, a "threat" for American firms - Companies warn that trade uncertainty could increase prices
U.S. retailers and other major companies expressed concern that so-called "reciprocal tariffs" on all U.S. trading partners, threatened by the Trump administration, could cause major disruptions and revenue losses.
Trump said a few days ago that he may soon reinstate "reciprocal tariffs" after several weeks of delay.
According to a report by Axios, three of the largest retailers in the US, Walmart, Target and Home Depot, warned the Trump administration in a meeting that the policies could lead to severe negative impacts, including shortages and price increases.
Retail executives held private discussions with Trump about how to mitigate the disruptive impact of tariff policies on the global supply chain and reassure American consumers. They said his tariffs would disrupt supply chains and even lead to empty shelves.
Meanwhile, due to trade uncertainties in the global economy, several large American companies have changed their revenue and profit expectations.
Proctor and Gamble, the world's leading consumer goods company, forecast its overall sales for fiscal 2025 would be roughly flat with the previous fiscal year, well below its previous growth target of two to four percent. The company also noted that U.S. consumer spending fell sharply in February and March.
Global toy giant Hasbro warned that if the US government continues its current tariff policies, the firm will suffer a loss of US$300 million in 2025.
American Airlines also lowered its financial forecast for 2025. According to company executives, uncertainties in the US economy could affect non-essential travel spending, and results for the first and second quarters will suffer as a result.
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