Marelli, the auto parts supplier, for its part, said in a court filing that it was “severely affected” by headwinds driven by auto tariffs rolled out by the Trump administration in March.

“Companies are struggling, but the tariffs did not put them into bankruptcy,” said Stephanie Roth, chief economist at Wolfe Research. “Until the labor market starts to crack in a real negative way, ...

The breadth and magnitude of tariff imposition continue to evolve. Similarly, the effect of tariffs on CFOs' outlooks has changed since we first examined the topic prior to the events of early April.

Prepare for the 'year of tariffs' in 2025. Learn how escalating trade barriers and negotiations could impact markets and your investment strategies.