Businesses pare back outlook as Trump tariffs weigh on spending

by UB Center for Urban Studies · 04/25/2025

From carmakers to restaurant chains, companies face financial setbacks amid tariff fears.

Businesses across multiple sectors have cut financial guidance amid growing uncertainty as United States President Donald Trump’s trade war pushes up costs, upends supply chains and stirs concerns about the global economy.

Thursday’s earnings made it clear that corporations around the world ran into a wall of uncertainty in the first quarter, as executives found themselves navigating the Trump administration’s constantly shifting stance on trade.

Spencer Platt April 24, 2025

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