Overview

• Apple expects $900 million in additional costs this quarter due to tariffs and is shifting U.S. iPhone production to India, with other devices moving to Vietnam.
• Amazon reports at least 50% of its products face tariffs, potentially raising prices for consumers, as it forecasts slower revenue growth.
• The U.S. economy contracted by 0.3% in the first quarter of 2025, marking the first decline in three years, with consumer spending falling over the period.
• Major companies, including Stellantis, Mercedes, and UPS, have suspended or revised financial forecasts, citing tariff-related uncertainties.
• Analysts warn that ongoing tariff unpredictability is accelerating supply chain realignments and could pressure consumer prices and corporate margins.