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Trump trade war spreads more gloom across businesses

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LONDON/SEOUL/NEW YORK (Reuters) -Businesses across multiple industries are increasing prices, cutting financial guidance and warning of growing uncertainty as U.S. President Donald Trump's trade war pushes up costs, up-ends supply chains and stirs concerns about the global economy. Earning releases on Thursday showed that corporations around the world ran into a wall of uncertainty in the first quarter, as executives found themselves navigating the Trump administration's constantly shifting stan
The article from AOL News discusses the escalating trade war initiated by former President Donald Trump, which has now spread to more countries beyond just China. Originally targeting China with tariffs, the trade war has expanded to include nations like the European Union, Canada, and Mexico, affecting a wide range of industries from agriculture to manufacturing. The article highlights the retaliatory measures taken by these countries, such as imposing their own tariffs on American goods, which has led to increased costs for consumers and businesses alike. It also mentions the ongoing negotiations and the uncertainty surrounding the resolution of these trade disputes, with experts warning of potential long-term economic damage if the situation does not improve.

Read the Full Reuters Article at:
[ https://www.aol.com/news/trump-trade-war-spreads-more-150605319.html ]