Thyssenkrupp cuts outlook, investments amid Trump tariffs uncertainty

STORY: German conglomerate Thyssenkrupp cut its full-year outlook for investments and sales on Thursday.

It's blaming weak demand for its products as U.S. import tariffs disrupt global trade of autos, machines and building materials.

The company's portfolio includes steelmaking and submarine production.

And now expects sales to fall by 5% to 7% during its fiscal year.

It previously expected sales to drop by up to 3%.

Thyssenkrupp said the introduction of levies had curbed international trade and hit global supply chains.

It added that things could get worse should the conflict in the Middle East escalate further.

Thyssenkrup said adjusted earnings before interest and tax are now forecast to be at the lower end of the $0.7 to $1.2 billion guidance range. Related Videos

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