Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says
1. Trump's tariffs may cost global businesses $1.2 trillion in 2025. 2. Consumers are expected to bear most tariff costs, impacting spending habits. 3. Profit margins are projected to contract, affecting corporate earnings. 4. Companies diversify supply chains, possibly leading to long-term changes in trade dynamics. 5. Future tariff strategies will significantly influence S&P 500 performance.