General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCompanies with the most to lose from Trump's tariffs
Zachary Basu 6 mins ago
President Trump's decision to slap tariffs on steel and aluminum imports had an immediate effect on the stock market yesterday, driving the Dow 420 points lower and boosting U.S. steelmaker stocks. But several sectors that rely on steel and aluminum for raw materials are already feeling the heat from the tariffs, which go into effect March 5.
Construction
Accounting for 40% of steel demand, the U.S. construction industry is one of the world's largest, with "new construction" valued at around $1.16 trillion in 2016, per Statista. As the country's aging infrastructure begins to crumble, the sector is projected to grow to $1.42 trillion by 2021. These are the five largest American construction companies, per Engineering News-Record:
Bechtel $32.9 billion (2016)
Fluor Corp. $19.5 billion (2017)
Aecom $18.2 billion (2017)
Turner Corp $10.8 billion (2014)
CB&I $10.7 billion (2016)
Automakers
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https://www.axios.com/the-companies-with-the-most-to-lose-from-trumps-tariffs-fea8b04c-10ad-4b69-a086-499d8f54fa98.html?source=sidebar
exboyfil
(17,862 posts)Caterpillar, Deere, Terex, Case New Holland
Major Nikon
(36,827 posts)Once Trump's sought after trade war starts to set in, many more sectors will be affected in many more ways.
dalton99a
(81,426 posts)ProfessorGAC
(64,955 posts)Finance sector gets hammered as foreign exchange fees evaporate when actual cross border trading grinds down.
Don't know where they get this stuff. Being against tariffs is not a liberal thing. The vast majority of economists on both sides of the philosophical divided find tariffs a bad idea.
Timewas
(2,191 posts)Not just "other" sectors if it stays in place it will have an effect on every sector.