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Hassett: U.S. companies in China should expect lower earnings until deal is reached

January 03, 2019 at 12:18 PM
White House adviser Kevin Hassett on Thursday said he expected U.S. companies doing business in China to downgrade earnings projections until the U.S. and China agreed to de-escalate trade tensions. “I think that there are a heck of a lot U.S. companies that have a lot of sales in China that are basically going to be watching their earnings be downgraded next year until we get a deal with China,” Hassett said in an interview on CNN . Hassett, who...

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