President Donald Trump’s tariffs are leading a trillion-dollar corporate squeeze, most of which is inevitably falling on consumers’ shoulders, an S&P Global report finds.
Companies will lose at least $1.2 trillion more this year than they expected before the year began and the picture on trade and tariffs dramatically changed, according to the report, published Thursday. It also reflects factors including wage increases and energy prices, and rising capital expenditure, particularly in AI infrastructure, S&P added.
