Global companies hit by more than $45 billion in US tariffs, but outlook stabilising

News Snapshot:

Bengaluru - Global companies have flagged more than US$35 billion (S$45 billion) in costs from US tariffs heading into third-quarter earnings, but many are lowering their initial forecasts as new trade deals reduce exposure to President Donald Trump’s levies. Mr Trump’s trade war has hiked US tariffs to their highest levels since the 1930s, and the president has regularly threatened more duties, but overall, the fog that paralysed many businesses is clearing, allowing executives to forecast costs and make plans - including some price hikes. Companies expected a combined financial hit of US$21 billion to US$22.9 billion for 2025, with...