Many big U.S. firms say they are prepared for higher tariffs on Chinese imports
Many big U.S. companies say they are prepared for the U.S. to impose higher tariffs on $200 billion of Chinese imports, with some saying their annual financial forecasts had anticipated the trade friction.
Executives at Illinois Tool Works Inc., Dollar Tree Inc. and Honeywell International Inc. are among those who say they have planned for the worst and already factored the increase to 25% from 10% into their earnings guidance for the year. Some have raised prices or brought in extra inventory in preparation for the potential...
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