Trade tariffs mean companies will spend less on growing their business in 2019, says Fitch
July 19, 2018 at 10:46 AM EDT
The tit-for-tat trade tariffs being imposed by the U.S. and China governments and European Union are likely to dampen capital spending by U.S. companies in 2018 and lead to a decline in spending in 2019 that may mark an inflection point in the late-stage business cycle.