US President Donald Trump’s ‘Liberation Day’ reciprocal tariff announcements have created uncertainty for countries and businesses. With US trade partners scrambling to strike bilateral treaties that may ease their tariff burden and bridge their trade imbalance with America, companies are broadly choosing to keep their powder dry and watch what they say even if their first quarter earnings gave them something to cheer about. With Q1 earnings season already underway in the West, key European companies revealed how they view Trump tariffs and why they would hold off on crystal gazing just yet.