According to emerging information, Trump's tariffs have
affected global giants more than expected.
According to a Reuters study, $33 billion represents the
total estimates of 32 S&P 500 companies, including US, European, and Asian
firms.
Economists say the cost to businesses will likely be several
times higher than what companies have disclosed so far.
42 companies drastically cut their forecasts, and 16
withdrew their estimates entirely.
The automotive and airline sectors were the hardest hit:
supply chains are in chaos.
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