Tariff Quote Watch: ABB Feels Trade War Impact, May Have More Mitigation To Do October 24, 2019 ABB reported 3Q revenues that fell 2.9% year over year, with CFO Timo Ihamuotila having stated that “clearly the trade war has some impact on overall conditions”. Ihamuotila also noted that in the U.S., the firm is “seeing some slowdown in the industrial short-cycle business”. Panjiva data sho... Read more →
Panjiva Daily: Hasbro, ABB deal with the trade war; Whirlpool slows in Mexico October 24, 2019 The trade war is taking a toll on firms as varied as Hasbro – which has suffered shipping disruptions to uncertainty on tariff timings – and ABB which is seeing slower sales due to reduced industrial activity. Whirlpool meanwhile is seeing a regular business slowdown. Also: Samsung, Dyson may ... Read more →
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