Trump trade war spreads more gloom across businesses

LONDON/SEOUL/NEW YORK (Reuters) -Businesses across multiple industries are increasing prices, cutting financial guidance and warning of growing uncertainty as U.S. President Donald Trump's trade war pushes up costs, up-ends supply chains and stirs concerns about the global economy. Earning releases on Thursday showed that corporations around the world ran into a wall of uncertainty in the first quarter, as executives found themselves navigating the Trump administration's constantly shifting stance on trade. Comments from the biggest packaged food, drinks and consumer goods companies also underscored worries among businesses and investors that Trump's tariffs and his attacks on Federal Reserve Chair Jerome Powell will hurt confidence on Main Street.