The impact of the Trade War on U.S. Industrial Companies

I am quoted on the impact of the trade war on U.S. industrial companies in InvestorPlace:

And, of course, it’s nearly impossible to overstate the effect of the ongoing trade war on many U.S. industrials stocks. In an e-mail interview with InvestorPlace, David Kass, Clinical Professor of Finance at the University of Maryland’s Robert H. Smith School of Business, pointed out how badly the tariffs have hurt these companies:

“U.S. industrial companies are being adversely affected by the uncertainty of the existence and levels of tariffs between the U.S. and China over the next year or two or longer. These tariffs could impact their supply chains of inputs to their production processes as well as to the sale of the goods they produce. It is very difficult to make long-run investment decisions when the economic environment is being made more precarious by the ongoing trade war, which is also weakening the world economy. Both international and domestic demand for U.S. industrial companies is being suppressed by both actual and threatened tariffs.”