Analysis: Trump's tariffs have already caused companies to suffer losses of over 34 billion US dollars. Economists predict that the final costs will be much higher than the disclosed costs.

According to Reuters' analysis of corporate disclosure, President Trump's trade war has resulted in sales losses and increased costs, causing companies to suffer losses exceeding $34 billion. With tariff uncertainties paralyzing the decision-making of some of the world's largest companies, losses are expected to continue to rise. In the United States, Asia, and Europe, including companies such as Apple, Ford, Porsche, and Sony, many companies have either rescinded or reduced profit forecasts. The vast majority of companies state that the unpredictability of Trump's trade policy makes it impossible to accurately estimate costs. Reuters reviewed company statements, regulatory filings, meetings, and media call transcripts, summarizing for the first time the overall tariff costs of global companies to date. The $33 billion figure is the sum estimated by 32 S&P 500 companies, three European STOXX 600 index companies, and 21 Japanese Nikkei index companies. Economists say that companies' tariff costs could be several times the costs disclosed by companies so far. Yale School of Management professor Jeffrey Sonnenfeld said, "You could double or triple your numbers, and we would still say... its severity will be far greater than most people realize."