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    Gap says Trump’s tariffs could cost the company a whopping $150 million, sending shares into a tailspin

    Finance
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    Gap sweaters and clothes in a store

    Merchandise is offered for sale at a GAP Outlet store on May 29, 2025 in Chicago, Illinois. Despite beating expectations during its first-quarter results released today, Gap shares fell after the company said recently imposed tariffs could impact their bottom line by hundreds of millions of dollars.

    Scott Olson—Getty Images

    https://fortune.com/img-assets/wp-content/uploads/2025/05/GettyImages-2217710907-e1748615865529.jpg?resize=1200,600
    https://fortune.com/2025/05/30/gap-tariffs-costs-shares-dive/


    Stan Choe, The Associated Press

    Montather Rassoul
    Montather Rassoulhttps://thefifthskill.com/

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