Ford and 13 companies that lost over $1 billion to Trump’s trade war

The economy czar of the People’s Republic of China will visit Washington, D.C. at the end of January to continue talks aimed at putting a halt to the ongoing trade war between China and the United States. And plenty of companies — in the United States and globally — are hoping an accord can be reached that will put an end to the tariffs each country has slapped on tens of billions of dollars of each other’s goods. That’s because, while consumers might not be feeling the pinch quite yet, major corporations definitely are.

Some of the largest companies in the world are facing increased costs in the tens of millions — even billions — of dollars. As margins get hit by increased costs up and down supply chains, major companies are seeing their bottom lines take a hit. This, in turn, sets them up for the difficult decision of either passing those costs along to consumers or eating the hit on their income statements and getting punished by the stock market. Here’s a look at Ford and some of the other companies who are feeling these tariffs the most.