Prominent US companies, including Intel, Skechers, and Procter & Gamble, have expressed concerns over the impact of tariffs on their profits and the broader economy. These firms have either reduced or withdrawn their profit forecasts due to economic uncertainty. Intel’s CFO, David Zinsner, noted that fluid trade policies and regulatory risks have increased the likelihood of an economic slowdown and recession. Intel’s shares fell by over 5% following the announcement. Skechers also withdrew its annual results forecast, citing a dynamic environment that complicates planning. Procter & Gamble indicated potential price increases to offset higher material costs from China. These developments highlight growing corporate concerns about President Trump’s trade policies.
— new from BBC
