Trump’s trade war spreads more gloom for businesses across multiple industries [Globe and Mail, The (Toronto, Canada)]
Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL)
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Source: Globe and Mail, The
Nestle CEO Laurent Freixe told reporters in an earnings call that some political and economic decisions 'taken have rather undermined already soft consumer confidence.' Denis Balibouse/Reuters Log in or create a free account to listen to this article. Businesses across multiple industries are increasing prices, cutting financial guidance and warning of growing uncertainty as U.S. President Donald Trump’s trade war pushes up costs, up-ends supply chains and stirs concerns about the global economy. Thursday’s earnings made it clear that corporations around the world ran into a wall of uncertainty in the first quarter, as executives found themselves navigating the Trump administration’s constantly shifting stance on trade. Comments from the biggest packaged food companies also underscored worries among businesses and investors that Trump’s tariffs and his attacks on Federal Reserve Chair Jerome Powell will hurt confidence on Main Street. “Some political decisions, economic decision
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