REPORT

Global Tariffs 2H25 Outlook

Escalation, Retaliation, Doubts Raise Profit and Sales Stakes Across Industries, Markets

The United States’ tariffs on imports from key trading partners, announced in February, have rattled the global economy and pressured various industries. Bloomberg Intelligence, Bloomberg Economics, and BloombergNEF have combined research from 57 analysts to provide a comprehensive analysis of tariff impacts, from slower growth to supply-chain disruptions.

This updated report tracks changes in tariff rates, timing and targets across 11 industries, covering developments since the first edition in March 2025.

What you’ll learn:

  • Company-specific analysis through Bloomberg Intelligence’s Tariff Matrix
  • 10 companies to watch that are most affected by tariff policy
  • How the 15.2% average tariff on U.S. imports could impact GDP, inflation and equities

Key sectors included:

Autos

Metals

Transports

Technology

Retail

Industrials

Autos

Metals

Transports

Technology

Retail

Industrials

The ripple effects of U.S. tariffs are far-reaching and constantly evolving — cutting profits, hiking prices, and fueling inflation. Get the updated report today to stay informed.

Enter your details for instant access

By submitting this information, I agree to the privacy policy and to learn more about products and services from Bloomberg.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The data included in these materials are for illustrative purposes only. The BLOOMBERG TERMINAL service and Bloomberg data products (the “Services”) are owned and distributed by Bloomberg Finance L.P. (“BFLP”) except (i) in Argentina, Australia and certain jurisdictions in the Pacific Islands, Bermuda, China, India, Japan, Korea and New Zealand, where Bloomberg L.P. and its subsidiaries (“BLP”) distribute these products, and (ii) in Singapore and the jurisdictions serviced by Bloomberg’s Singapore office, where a subsidiary of BFLP distributes these products. BLP provides BFLP and its subsidiaries with global marketing and operational support and service. Certain features, functions, products and services are available only to sophisticated investors and only where permitted. BFLP, BLP and their affiliates do not guarantee the accuracy of prices or other information in the Services. Nothing in the Services shall constitute or be construed as an offering of financial instruments by BFLP, BLP or their affiliates, or as investment advice or recommendations by BFLP, BLP or their affiliates of an investment strategy or whether or not to “buy”, “sell” or “hold” an investment. Information available via the Services should not be considered as information sufficient upon which to base an investment decision. The following are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries: BLOOMBERG, BLOOMBERG ANYWHERE, BLOOMBERG MARKETS, BLOOMBERG NEWS, BLOOMBERG PROFESSIONAL, BLOOMBERG TERMINAL and BLOOMBERG.COM. Absence of any trademark or service mark from this list does not waive Bloomberg’s intellectual property rights in that name, mark or logo. All rights reserved. © 2025 Bloomberg. 956841 0525