Nigeria, March 21 -- The Trump administration's drastic economic policy and federal government changes negatively impact corporate profits.

Nike warned that it anticipates a sharp decline in sales in the upcoming quarter due to tariffs and waning consumer sentiment when it released its earnings on Thursday. Accenture, on the other hand, reported that as the US government cuts back on spending, its revenue has suffered due to decreased contracts with the government.

These are warnings of the potential larger economic harm nations may experience when U.S. President Donald Trump's reciprocal tariffs take effect on April 2, as he had previously threatened.

The European Union delayed imposing tariffs on the United States across the Atlantic...