Summary: Corporate America is bracing for significant financial losses due to Trump’s trade war, with companies like GM, Apple, and Nvidia reporting substantial hits. The impact is far-reaching, affecting various industries from automotive to consumer goods and healthcare, with companies implementing cost-cutting measures, shifting production, and raising prices to mitigate the effects. Despite these efforts, the overall damage to bottom lines remains uncertain, with many companies still awaiting the full impact of the tariffs.

Link: https://www.theedgesingapore.com/news/us-economy/apple-gm-tariffs-cost-companies-tens-billions