Trump Trade War Impacts US
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current tariffstorontosun
•Technology
Technology
From Apple to GM, tariffs to cost companies tens of billions
87% Informative
General Motors , Apple , Nvidia , Amazon , Procter & Gamble bracing for tens of billions of dollars in damages from trade war.
President Donald Trump ’s administration imposed across-the-board tariffs on most imports and targeted some countries and industries for additional levies.
GM sees a $5 billion hit this year , while Apple expects $900 million in higher costs in the current quarter .
Boeing Co. expects tariffs to increase its manufacturing costs by less than $500 million annually .
Honeywell International Inc. , GE HealthCare Technologies Inc. and GE Aerospace each project a 2025 hit from tariffs.
3 M Co. told investors tariffs would cost it as much as $850 million a year — but only if it took no steps to blunt the impact.
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