Businesses pare back outlook as Trump tariffs weigh on spending

Businesses worldwide are cutting financial guidance amid growing uncertainty caused by President Trump's trade war, which has increased costs, disrupted supply chains, and raised concerns about global economic stability. Companies like Nestle have cited fears of reduced consumer confidence due to tariffs and policy changes, leading to hesitation in their earnings reports. Meanwhile, stock markets remain volatile as investors navigate shifting trade announcements and assess the impact on corporate profitability.