US companies face slumping profit margins and looming price hikes as the Trump administration’s tariffs deal financial blows, survey data suggests.
More than half of businesses in a new KPMG survey reported declining gross margins as a direct result of the import duties, according to the Big Four accounting firm’s tariff pulse survey published Wednesday. Sales in China are particularly hard-hit, with 83% of companies saying they’ve experienced reduced sales due to retaliatory tariffs.
“Businesses are navigating a trade environment that’s no longer defined by short-term volatility but by sustained disruption,” Joe Lackner, advisory partner in industrial manufacturing ...
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