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The Independent UK

Holly Williams

Half of profit warnings in April cite trade tariff impact, reports finds

Donald Trump EYParthenon Jo Robinson

Tariff hikes were announced by US President Donald Trump on April 2 (Niall Carson/PA) - (PA Wire)

Half of all company profit warnings last month flagged a hit from the mounting global trade war amid the fallout from US President Donald Trump’s sweeping tariff hikes, according to new figures.

The latest profit warning report from EY-Parthenon lays bare the impact of Mr Trump’s tariff increases and the escalating trade battle with China, with 50% of alerts from UK listed firms in April citing direct or indirect impact of the trade woes.

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