New Delhi, Oct. 20 -- US President Donald Trump's tariffs are leading to a trillion-dollar increase in corporate expenses this year, much of which is being passed on to consumers through hiked prices of products, according to an S&P Global report published Thursday.

Companies are expected to lose approximately $1.2 trillion more in 2025 than initially forecast, as the picture on trade and tariffs has shifted dramatically, according to the report.

S&P revised its 1 January expenses forecast based on the analysis of roughly 9,000 public companies. The recent estimate now projects total company expenses for the year will reach $53 trillion, Fortune reported.

Key factors behind this revision include tariffs, wage increases, energy costs, a...