As tensions rise in the ongoing tariff war, key US industries are facing a challenging financial landscape. From tech to auto and retail, companies are battling rising costs and unpredictable global trade conditions. 😮
Apple CEO Tim Cook recently warned that under current global tariff rates, the tech giant could see an extra $900 million added to its costs this quarter—even after strategic shifts in its supply chain.
Meanwhile, General Motors is bracing for a potential $4-5 billion hit due to supply chain pressures and increasing input costs. These figures underscore the deep impact that tariff policies are having on major US companies.
This unfolding scenario is a vivid reminder of how interconnected global markets have become. As businesses adjust their strategies to navigate these challenges, both young professionals and curious minds have a front row seat to the dramatic shifts in the economic world. 🚀
Reference(s):
US retail, auto, tech giants warn of profit shocks amid tariff war
cgtn.com
