Trump's tariffs have cost global corporations $34 billion

According to a report by Jinse Finance, an analysis of corporate disclosures by foreign media shows that Trump's trade war has resulted in over $34 billion in sales losses and higher costs for companies. The ongoing uncertainty of tariffs has paralyzed decision-making for some of the world's largest companies, and this loss is expected to rise. In the US, Asia, and Europe, companies like Apple, Ford, Porsche, and Sony have all lowered or significantly lowered their profit forecasts, with the vast majority stating that the instability of Trump's trade policies makes it impossible to accurately estimate costs. This valuation includes 32 companies from the S&P 500 Index, 3 companies from the STOXX Europe 600 Index, and 21 companies from the Nikkei 225 Index in Japan. Economists say that the losses for companies could be several times the amounts disclosed so far.