GM delays investor call, UPS axes 20,000 jobs as Trump's tariffs create corporate chaos

SummaryCompaniesAbout 40 firms worldwide pull or cut forward guidance in first two weeks of Q1 earnings seasonPorsche took hit of at least 100 million euros in April-MayGM and Volvo Cars ditch annual guidanceUPS to cut 20,000 jobs, cites biggest potential impact to trade in a centuryElectrolux flags weaker consumer sentimentFRANKFURT/STOCKHOLM/DETROIT/LOS ANGELES, April 29 (Reuters) - The fallout from U.S. President Donald Trump's trade war reverberated further through the corporate world on Tuesday, as delivery giant UPS(UPS.N), opens new tab said it would cut 20,000 jobs to lower costs, while General Motors(GM.N), opens new tab pulled its outlook and pushed its investor call to Thursday pending possible changes to trade policy.The Detroit automaker, along with American ketchup maker Kraft Heinz(KHC.O), opens new tab, Swedish appliances maker Electrolux(ELUXb.ST), opens new tab, and airline JetBlue Airways(JBLU.O), opens new tab and other blue-chip names, on Tuesday joined the diverse...