New Delhi: A report released on Monday indicates that US President Donald Trump’s tariffs are projected to significantly contribute to a $1.2 trillion increase in corporate expenses this year. The combination of President Trump’s tariffs, wage growth, rising energy costs, and increased capital expenditures for AI is expected to result in this substantial rise in corporate spending by 2025, with much of the costs being passed on to consumers through higher product prices, according to S&P Global. S&P has updated its expense forecast from January based on an analysis of approximately 9,000 public companies, now estimating total company expenses for the year to reach $53 trillion.
