Rahm Emanuel former mayor of Chicago famously said: “You never want a serious crisis to go to waste.” And so it is with CEOs, who as they report earnings are blaming the economic uncertainty caused by Trump’s tariffs to either withdraw or scale back FY’25 guidance even if they don’t import goods or materials for their products from outside the U.S. Companies from $General Motors(GM.US), $UPS(UPS.US), to $Spotify(SPOT.US) all citing macro uncertainty caused by Trump’s tariffs for withdrawing or reducing full-year guidance today.
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