European and UK companies lay bare the pain from Trump’s trade war

European and UK companies are laying bare the cost of the US trade war, with executives outlining the hit to consumer confidence, the threats to supply chains and the destabilizing effect of prolonged uncertainty over the level of tariffs.
Nestlé, the world’s largest food company and Mercedes-Benz are among a wave of companies to have put investors on notice of how business conditions have shifted since Donald Trump announced a blitz of tariffs against America’s trading partners last month. In the first set of quarterly results since the US president’s “liberation day” event, companies spelt out the multipronged challenges, including a slowdown in the US, a major market, and fading hopes for a robust economic rebound in the euro area./ IRNA
ME