Tags: Trump Administration | trump | tariff | caterpillar | xerox | samsonite

EU Ready to Target Caterpillar, Xerox If Trump Hits Cars

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Friday, 22 February 2019 09:07 AM

Caterpillar Inc. trucks, Xerox Corp. machines and Samsonite International SA luggage are among U.S. goods that would face retaliatory European Union tariffs should President Donald Trump follow through on a threat to impose automotive duties against the bloc, according to a senior EU official.

The person commented on the condition of anonymity because the retaliatory list drawn up by the European Commission, the EU’s executive arm in Brussels, is still a confidential draft.

Caterpillar reversed a gain in early trading in New York, falling as much as 1 percent on the news. Xerox dropped 0.1 percent.

Caterpillar, which announced earnings last month, had its biggest profit miss in a decade on worries over trade tensions. The Deerfield, Illinois-based company also issued a 2019 profit forecast range which, at the low end, was below the average of analysts’ expectations.

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Caterpillar Inc. trucks, Xerox Corp. machines and Samsonite International SA luggage are among U.S. goods that would face retaliatory European Union tariffs should President Donald Trump follow through on a threat to impose automotive duties against the bloc, according to a...
trump, tariff, caterpillar, xerox, samsonite
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2019-07-22
Friday, 22 February 2019 09:07 AM
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