Factbox-Companies withdraw guidance amid Trump’s tariffs

Published 04/30/2025, 08:10 AM
Updated 04/30/2025, 08:15 AM
© Reuters. FILE PHOTO: U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. REUTERS/Carlos Barria/File Photo

(Reuters) -The sweeping tariffs imposed by U.S. President Donald Trump since April 2 and the subsequent pauses on some of them have generated uncertainty for companies worldwide, causing some to withdraw or refrain from giving financial guidance.

Here is a list of companies that have made such moves:

AUTOS & TRANSPORTATION

GENERAL MOTORS

The U.S. car manufacturer pulled its annual guidance on April 29, reflecting the uncertain effect of Trump’s trade policies on the car industry, even as it reported strong quarterly results.

It also paused plans to buy back $2 billion of shares in the first half of the year, pending more clarity on the economic situation.

MERCEDES

The German group on April 30 pulled its earnings guidance for 2025 as it posted sharply lower first-quarter profit.

STELLANTIS

The French-Italian-American group on April 30 suspended its guidance for a moderate recovery this year, after a profit drop in 2024, and said it would review capital spending plans.

VOLVO CARS

The group, one of the most exposed European automakers to U.S. tariffs, announced 18 billion Swedish crowns ($1.9 billion) in cost cuts and a restructuring of its U.S. operations on April 29, and withdrew its earnings forecast for the next two years.

AEROSPACE & DEFENSE

ALASKA AIR GROUP

The Seattle-based airline on April 23 withdrew its full-year financial forecast, citing macroeconomic uncertainty.

AMERICAN AIRLINES

The U.S. carrier pulled its 2025 financial forecast on April 24.

JETBLUE AIRWAYS

The U.S. airline group pulled its 2025 forecast on April 29, saying economic uncertainties made it difficult to predict travel demand.

DELTA AIR LINES

The U.S. carrier on April 9 withdrew its financial forecast for 2025, saying travel demand had "largely stalled" as tariffs fuelled economic uncertainty.

FRONTIER GROUP

The parent of Frontier Airlines withdrew its full-year forecast on April 11 and warned of a loss in the first quarter.

SOUTHWEST AIRLINES

The U.S. group pulled its financial forecast on April 2024.

HEALTHCARE

BELLUSCURA

The U.S.-headquartered medical device maker on April 8 pulled its guidance for 2025 due to U.S. tariffs on China.

RETAIL AND CONSUMERS

CHARACTER GROUP

The British toy maker abandoned its annual forecast on April 11, saying it expected the tariff effects on China to be felt in the second half of 2025.

DIAGEO

The British spirits maker withdrew its medium-term organic sales growth forecast on February 4, acknowledging a prolonged downturn in demand and uncertainty over tariffs.

LOGITECH

The Swiss-American computer parts maker pulled its 2026 forecast on April 10, citing uncertainty stemming from Trump’s trade policies. It maintained its 2025 sales forecast.

MASCO CORP

U.S.-based house improvement firm on April 23 withdrew its annual profit forecast, after missing first-quarter sales and profit estimates, hurt by macroeconomic uncertainty stemming from Trump’s tariffs.

SKECHERS

The footwear maker on April 24 withdrew its annual results forecast, saying the Trump administration’s erratic trade policies were fuelling economic uncertainty

OTHERS

ALPHAWAVE IP GROUP

The British semiconductor company said on April 17 that it was unable to provide a financial forecast for 2025 or beyond, citing global economic uncertainty unleashed by U.S. tariffs.

AVERY DENNISON

The U.S. group, which makes packaging and labeling products such as radio frequency tags, pulled its annual forecast on April 23, adding it was shifting to quarterly projections because of macroeconomic uncertainty.

PAGEGROUP

The British recruiter did not issue a financial forecast in its quarterly statement on April 9 amid "increasingly unpredictable" conditions.

($1 = 9.6483 Swedish crowns)

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