Caterpillar CEO warns of $1.5B tariff hit - here's what it means for your stocks
Key Points
- Caterpillar's damage estimate due to U.S. tariffs has risen ...
Caterpillar just handed investors a $1.5 billion reality check, and it's not the kind of heavy machinery performance anyone ordered. The construction giant announced that U.S. tariffs could slam their bottom line harder than a wrecking ball, pushing their damage estimate from an already-painful $1.3 billion up to a cringe-worthy $1.8 billion faster than you can say "trade war."
When Yellow Machines Meet Red Numbers
The market's reaction was about as subtle as a bulldozer in a china shop. CAT stock dropped nearly 4% in late August when similar tariff warnings surfaced, proving that invest...
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