NEW YORK — With U.S. President Donald Trump’s tariff plans well underway, the only sure thing for American companies heavily reliant on cheap imports is uncertainty, based on their earnings reports and projections for the year ahead.
Businesses like low-cost retailers and apparel manufacturers are projecting declining revenues for the year ahead as consumer confidence weakens amidst persistent inflation and recession fears. At the same time, tariffs are eating into profit margins and are forcing companies to consider mitigation strategies from supply chain tweaks to price increases.
