In the context of a trade war, multiple companies have lowered their expectations.

On April 29, local time, the express giant United Parcel Service (UPS) announced that it will lay off 20,000 employees in order to reduce costs. According to foreign media analysis, in the first two weeks of the earnings season for the first quarter, about 40 companies worldwide have withdrawn or lowered their performance expectations for 2025, including companies such as General Motors, Volvo Cars, Kraft Heinz, Logitech, JetBlue Airways, and other blue-chip companies.