Gap says Trump’s tariffs could cost the company a whopping $300 million, sending shares into a tailspin

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Gap says Trump’s tariffs could cost the company a whopping $300 million, sending shares into a tailspin

fortune.com/2025/05/30/gap-tariffs-costs-shares-dive

Wall Street is giving back some of its winning week and month on Friday following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by President Donald Trump’s on-and-off tariffs.
The S&P 500 was down 0.4% in early trading. The Dow…

This story appeared on fortune.com, 2025-05-30 14:39:53.