Trump’s tariffs are inflicting pain and uncertainty across the market. Comments from very different American companies show how.

• The US-China trade war has taken a toll on multinational companies’ bottom lines and has injected an element of uncertainty into business planning.
• An analysis of executives’ comments from quarterly conference calls, conversations with investors and analysts, and a recent open letter to President Trump highlight the sheer breadth of the trade war’s impact.

Source: Trump’s tariffs are inflicting pain and uncertainty across the market. Comments from very different American companies show how.