While Washington averts one crisis, another is unfolding—Trump’s escalating tariffs are rattling industries, sowing uncertainty, and threatening corporate profits. The administration’s sweeping trade war tactics, including 25% levies on Canadian imports and doubled duties on Chinese goods, have disrupted supply chains and triggered retaliatory measures.

‍

The airline industry is feeling the strain. Both American Airlines and Delta Air Lines have slashed profit outlooks, citing higher costs and weakening demand, exacerbated by trade disruptions and government spending cuts from DOGE. Delta cut its profit forecast in half, while American Airlines projected a quarterly loss twice as large as expected. Analysts have responded by trimming S&P 500 earnings growth estimates for 2025, with Goldman Sachs lowering its forecast from 11% to 9%. With consumer spending under pressure and supply chain volatility rising, businesses and investors alike are calling for stability. Yet, as Trump doubles down on economic nationalism, the risk of prolonged market turbulence remains high.

‍