US President Donald Trump’s tariffs have sparked a global trade war, with 269 companies worldwide affected as of July 21. The estimated cost to these companies stands at over $34 billion, primarily due to increased costs on imported goods and higher labor expenses.
Automakers, airlines, and consumer goods importers were among the worst hit during the first quarter earnings season. Companies such as Tesla, Toyota, and Ford have reported significant price hikes due to levies on materials like aluminum and electronics.
Agriculture companies like Monsanto and Archer Daniels Midland have also been impacted, with some reporting profit margin warnings and supply chain changes. Financial institutions like Wells Fargo and JPMorgan Chase have seen their financial hit due to the tariffs.
The impact of Trump’s tariffs is not limited to the US, as global companies are feeling the effects worldwide. This data tracker aims to provide a snapshot of the impact of tariffs on global businesses, with companies from various sectors reporting different types of reactions.
Companies like Apple, Nike, and Amazon have absorbed costs due to the tariffs, while others like Ford and Tesla have delayed capital expenditure projects. Some companies, such as Chipotle and Subway, have even had to cut jobs due to the impact of the tariffs.
The data is based on a compilation by Reuters journalists from company statements, regulatory filings, conference and media call transcripts, starting in February 2025. It provides a snapshot of the impact of Trump’s tariffs on global businesses and highlights the significant costs being incurred by companies worldwide.
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Source: https://www.reuters.com/graphics/USA-TRUMP/TARIFF-COMPANIES/movadjkmnpa