Monday, November 5, 2018

Trump's Tariffs: An Early Damage Report

The damage is still modest but tariffs have slowed U.S. timber and grain exports, raised the cost of imported clothes hangers and heavy-equipment materials, and compressed profit margins for computer chip and tool makers, among other effects, according to an analysis of results and comments from the roughly 75% of S&P 500 companies that have reported third-quarter earnings, reports The Wall Street Journal.

“The negative impact is pretty widespread across the S&P 500,” said Binky Chadha, chief U.S. equity and global strategist at Deutsche Bank.

Executives or analysts have mentioned tariffs or the terms “China trade” or “trade war” about 600 times during earnings calls at about 130 S&P 500 companies since mid-September, The Wall Street Journal found in an analysis of conference-call transcripts.


1 comment:

  1. Hangers!!??
    From "Down and Out in Beverly Hills":

    Dave Whiteman (Richard Dreyfuss): You don't like hangers? It's hangers that clothe you, and it's hangers that feed you!