Forbes·2025-05-02 13:06Core Insights - Companies are increasingly warning about the negative financial impacts of tariffs and trade policies, with many adjusting their forecasts due to market uncertainty [1][3][4] Company-Specific Summaries - Apple: Expects a nearly $1 billion hit from tariffs in Q2, with sales in China falling below projections [2] - Amazon: Described future results as "inherently unpredictable" due to global economic conditions and trade policies, a new concern compared to previous reports [3] - General Motors: Lowered its earnings forecast for 2025 to between $10 billion and $12.5 billion from a previous range of $13.7 billion to $15.7 billion due to tariff impacts [4] - McDonald's: Reported a 3.6% decline in U.S. same-store sales, the largest drop since 2020, attributing it to consumer uncertainty [4] - Stellantis: Suspended its full-year financial guidance for 2025 due to tariff-related uncertainties [4] - Mercedes: Withdrew its full-year outlook for 2025, citing high volatility in tariff policies [4] - UPS: Pulled its full-year guidance after previously forecasting $89 billion in revenue for 2025, citing macroeconomic uncertainty [4] - Kraft Heinz: Lowered its full-year outlook due to a volatile operating environment influenced by tariffs and inflation [5] - JetBlue: Pulled its full-year outlook for 2025 due to macroeconomic uncertainty [5] - Snap: Declined to issue guidance for Q2, citing uncertainty in macroeconomic conditions affecting advertising demand [6] - PepsiCo: Lowered its earnings forecast for 2025, expecting more volatility and higher supply chain costs due to tariffs [7] - Procter & Gamble: Reduced sales growth projections for the year, warning of a challenging consumer environment [8] - American Airlines: Took a cautious approach to growth after pulling its full-year guidance, citing significant weakness in demand due to economic uncertainty [8] - Thermo Fisher Scientific: Withdrew its full-year profit forecast, expecting a $400 million hit in sales to China due to tariffs [9] - Chipotle: Lowered its full-year same-store sales growth expectations, anticipating reduced consumer spending due to economic concerns [10] - Delta: Pulled its full-year guidance due to broad macro uncertainty [11] Industry-Wide Impacts - Several companies have announced layoffs, with Mack Trucks and Volvo Group laying off a combined 800 employees due to market uncertainty and tariffs [12] - Trump's tariffs have raised concerns among industry leaders about increased consumer prices and market volatility, with warnings from executives like Ford's CEO [14]