Though it is hard to isolate the impact of the trade spat with China on the profits of S&P 500 companies, strategists have been sharply lowering their earnings estimate for the benchmark this year, often due to concern that policy uncertainty is going to hurt growth. The makers of chips and the firms that develop related technology and equipment are highly exposed to China, putting them at the front line of the trade negotiations. Eastman Chemical Co. last month provided a disappointing outlook for the second quarter, citing factors that included “tariffs between the U.S. and China.” Copper producer Freeport-McMoRan Inc. said the 145% tariffs the White House placed on China were the largest driver behind the increase in its cost of goods.
Author: Bloomberg News
Published at: 2025-05-10 21:30:00
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