Samsung Electronics drops Q2 outlook due to trade uncertainties

Samsung Electronics on Wednesday dropped its business outlook for the current quarter and warned US tariff policies could cut demand for its key products such as smartphones. The technology giant said it expected its semiconductor business to encounter greater uncertainties throughout the year, while its smartphone shipments faced downward pressure in the second quarter.

The world’s largest memory chipmaker reported a small rise in first-quarter operating profit as customers concerned about US tariffs rushed to purchase smartphones and commodity…