Industrial Shares Take A Hit After The Impact Of White House Tariffs Weighs In – CWEB.com
Industrial shares and stocks are taking a hit into the final hour of trade amid concerns that the policy of White House has changed on imported steel and aluminum and could ignite a trade war: MTW -6%, CMI -4.4%, RRD -4.1%, LMT -3.8%, SWK-3.5%, CHRW -3.4%, BA -3.4%, UTX -3.2%, CAT -3%, EXPD -2.9%, NOC-2.9%, RTN -2.8%, SNA -2.8%, PCAR -2.8%, TXT -2.7%, ROK -2.5%.
“Meanwhile, any inflationary impulse from higher tariffs depends on whether firms view the increase as permanent and if the current state of the business cycle would contribute to a high pass-through rate from tariffs to final goods,” Barclays says.
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