US firms warn profit margins are at risk as tariff costs rise

Many US companies have sought to reassure investors that tariffs are “manageable,” but early earnings-season comments suggest profit margins are at risk with consumers balking at higher prices. Bellwethers including Procter & Gamble (PG.N), Fastenal (FAST.O) and 3M (MMM.N) have flagged the challenges. Andy Jassy, CEO of retail giant Amazon.com (AMZN.O), told CNBC on the […]