For subscribers
Trump tariffs are making it harder for CEOs to run their companies
Sign up now: Get ST's newsletters delivered to your inbox
Apple's CEO Tim Cook said on a May 1 earnings call that tariffs in the three months starting in June are most likely to add US$900 million to the company's costs.
PHOTO: EPA-EFE
Jeff Sommer
Corporate America is stumbling in the dark, and so are investors.
Ford and General Motors executives say they can’t estimate what lies ahead. There’s too much fog to even hazard a guess, so both companies have suspended earnings guidance – signals about future sales and profits – leaving investors to navigate on their own. And the carmakers are not the only ones. A broad range of companies, including Delta Air Lines, Southwest Airlines, the footwear company Skechers, UPS and the engine manufacturer Cummins, say they can’t talk confidently about the future.
