American companies, particularly those in manufacturing, auto supply, retail, and transportation, are facing a triple squeeze. Tariffs under Trump's trade policies are increasing raw material costs, the Iran war is driving up fuel prices, and the Federal Reserve's interest rate hikes are making financing more expensive. This combination is forcing businesses to pass on costs, impacting margins, and in some cases, leading to bankruptcies, such as Spanish auto parts maker Grupo Antolin. Larger corporations with more cash reserves and long-term debt are somewhat insulated from these pressures.