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

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...