Businesses sound alarm as Trump tariff chaos hits the economy
- Delta Air warns corporate, consumer travel weakening
- Tariff moves against Canada confuse investors
- 'Reluctance' in US consumer, industrial demand - Henkel
- Trump due to meet CEOs of America's biggest companies on Tuesday
The uncertainty brought by Trump's threats of tariffs and his shape-shifting trade policies is starting to have a chilling effect across many industries, businesses warn, as consumers pull back on everything from basic goods to travel.
The president's back-and-forth tariff moves against major trading partners have kept markets on edge, and prompted companies to warn they may have to raise prices, which could boost inflation and dent economic growth.
"A market that was cruising has been disrupted by the White House," said Patrick Kaser, portfolio manager at Brandywine Global. "The volatility is in part caused by the market’s uncertainty as to what the administration’s objectives are… why are we going after Canada, exactly?"