Multinational firms tremble as tariff tremors rock trade

Global commerce conflict prompts profit warnings from giants such as Daimler AG

BEIJING - The US-initiated trade dispute has triggered retaliatory reactions from the country's major trading partners, casting a shadow over the business of global multinational firms.

German carmaker Daimler AG is the first major international corporation to issue a profit warning in response to the Trump administration's protectionist "America First" doctrine.