Overview
- Reuters analysis of corporate disclosures finds lost sales and higher costs exceeding $34 billion at major U.S., European and Japanese firms
- At least 42 companies cut their earnings guidance and 16 withdrew forecasts this quarter due to tariff unpredictability
- Automakers, airlines and consumer goods importers report the steepest impacts from levies on raw materials, parts and assembled products
- Companies are boosting near-shoring, diversifying markets and expanding U.S. investments to mitigate tariff pressures
- The White House maintains that U.S. leverage will force trading partners to absorb most of the levy costs