US EditionTrump's tariff tally: $34 billion and counting, global companies say
- A Reuters investigation of corporate disclosures revealed that President Donald Trump's trade conflict has resulted in global businesses experiencing over $34 billion in reduced revenue and increased expenses as of May 2025.
- This economic impact arises from tariffs imposed on imports from regions like Europe and Britain, which have raised supply-chain costs and clouded profit forecasting across industries.
- Affected companies include Kimberly Clark, which expects $300 million in tariff-related costs, and Diageo, forecasting a $150 million annual hit to operating profit from new tariffs.
- Jeffrey Sonnenfeld from Yale suggested that the actual costs are probably much larger than reported, emphasizing that even if you multiply current estimates by two or three, the true impact would still exceed what most people expect.
- Ongoing tariff uncertainty continues to paralyze decision-making and forces companies to boost supply-chain resilience, near-shoring, and market diversification, which will likely increase costs further.
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Trump's tariff tally: $34 billion and counting, global companies say
President Donald Trump's trade war has cost companies more than $34 billion in lost sales and higher costs, according to a Reuters analysis of corporate disclosures, a toll that is expected to rise as ongoing uncertainty over tariffs paralyzes decision making at some of the world's largest companies.
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Leaning Left3Leaning Right1Center5Last UpdatedBias Distribution56% Center
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