The tariffs imposed by the administration of President Donald Trump are having a significant impact on companies across various sectors, from the aerospace and defense giant RTX Corp. to food companies like Hershey Co. These companies are expected to face millions in lost operating profits due to the imposed tariffs.
RTX Corp. anticipates an impact of $850 million on its operating profits, while Honeywell International Inc., GE HealthCare Technologies Inc., and GE Aerospace each estimate an impact of $500 million in 2025. Boeing Co. will also be affected by an increase in manufacturing costs due to the tariffs, which could impact the competitiveness of its aircraft.
Companies like Hershey Co. are anticipating additional costs from tariffs, which could result in significant price increases for their products. Similarly, other companies, including Apple Inc., General Motors Co., and Nvidia, expect to face considerable losses due to the trade war initiated by Trump.
The repercussions of tariffs are not limited to U.S. companies, as foreign manufacturers such as Toyota Motor Corp. and Procter & Gamble Co. also expect a significant impact on their finances. Companies have begun implementing strategies to mitigate the impact, such as supply chain adjustments and price increases, although a reduction in overall profits is still expected.
As uncertainty surrounding the tariffs continues, many companies are adopting a wait-and-see approach to further assess the full impact on their financial results. Despite mitigation efforts, the tariffs are expected to have a lasting impact on the profitability of a wide range of companies both inside and outside the United States.
