Global Tariffs: Profit Pressures, Cost Hikes and Inflation Concerns – China

The United States’ application of tariffs on imports from key trading partners - Canada, China, the EU and Mexico for starters – could slow global economic growth, weigh on equity markets, cut profits for automakers, slice into the North American sales of European steelmaker, and disrupt vital supply chains for technology companies. Costs are likely to rise for consumer companies and food producers, and US steelmakers could benefit.