CEOs are increasingly using ominous language during earnings calls, reflecting heightened concerns about economic disruptions caused by tariffs. According to Barron’s, phrases like ‘trade uncertainty’ and ‘tariff impact’ are being mentioned more frequently than ever before. This trend underscores the anxiety among corporate leaders regarding the potential long-term effects of ongoing trade disputes. For instance, GM delayed an investor call, and UPS announced plans to lay off 20,000 employees amid tariff-related chaos. The Wall Street Journal reported that American companies are slashing spending as tariff uncertainties persist. These developments highlight the significant influence of geopolitical factors on corporate decision-making and financial performance. — new from Barron’s