Trump Tariffs Weighing on Major Brands

Tariffs imposed by the Trump administration continue to affect major companies, according to data from corporate earnings calls. The impacts vary, but many companies report significant financial pressures.

Steven Madden Ltd. saw a pressure on gross profit margin by 230 basis points due to tariffs, as reported by CEO Edward Rosenfeld. General Motors estimated that tariffs cost $1.1 billion in the second quarter, while W.W. Grainger noted a decrease in gross profit margin due to the effects of tariffs.

PVH Corp., owner of Tommy Hilfiger and Calvin Klein, estimated that tariffs create a headwind of approximately $65 million in earnings before interest and taxes (EBIT). CNH Industrial is facing increases in steel prices due to tariffs, despite sourcing most of its steel from domestic sources.

Ford Motor Company expects net losses of approximately $2 billion in 2025 due to tariffs. Amazon.com reported uncertainty regarding the impact of tariffs and who will absorb the increased costs.

Smaller companies, which do not have the same purchasing power and resources as large companies, may be even more affected by tariffs, but their problems are not publicized.