Global businesses hit with $1.2 trillion tariff bill

President Trump's tariffs are packing a trillion dollar punch. According to new analysis from S&P Global, Trump's sweeping trade measures will cost global businesses more than $1.2% trillion in 2025, and most of that will be passed on to consumers. In a white paper out Thursday, S&P says the estimate drawn from data on some 9,000 companies is probably conservative.The report calls tariffs a systemic transfer of wealth from corporate profits to workers, governments, and infrastructure investors. President Tr ...