Excessive tariffs result in "eating their own bitter fruit": companies will significantly reduce staff, with shortages on consumer season products.

date
29/04/2025
The US government's tariff policy has brought a lot of uncertainty to the US and global economy. From toothpaste manufacturers to chip giants, some large American companies have recently expressed pessimism about the future. Rising costs, substantial layoffs, and pessimism about the future for US enterprises, according to a report by Bloomberg News on the 25th, renowned toothpaste manufacturer Colgate-Palmolive Company stated that the uncertainty and volatility in the global market will pose a challenge to the company's business, as production costs will increase and profits will decrease due to the impact of US tariff policy. Currently, American consumers have begun to react to the growing economic uncertainty, and the sales of Colgate products are under pressure. According to the US Consumer News and Business Channel on the 24th, US chip giant Intel Corporation stated that US "unstable trade policies" have increased the possibility of economic growth slowdown and even recession. The tariff policy has made it difficult for Intel to predict its full-year performance, but "it will definitely lead to cost increases." On that day, Intel announced a series of measures such as layoffs and organizational restructuring. According to Bloomberg, Intel will cut about one-fifth of its workforce, affecting about 20,000 employees.