Trump's Tariffs Impact Earnings As Stellantis And Mercedes Pull Full-Year Guidance—Here Are The Firms Cutting Financial Forecasts
1. Stellantis and Mercedes withdrew 2025 financial guidance due to tariff uncertainties. 2. Multiple companies, including UPS and GM, also cut their earnings forecasts. 3. Tariffs introduced by Trump are causing significant market volatility. 4. Layoffs have been announced across various industries linked to tariff impacts. 5. Market uncertainty could increase costs and affect consumer behavior.