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China tariff impacts blamed for one manufacturer’s earnings miss

July 11, 2019 at 3:16 PM
Costs associated with tariffs on Chinese goods have held down earnings for Fastenal, a Minnesota-based distributor of a wide variety of industrial products, the company said this week in describing second-quarter results. One analyst thinks more will soon be saying the same. “While we successfully raised prices as one element of our strategy to offset tariffs placed to date on products sourced from China,” the company said , “those increases were not sufficient to also counter general inflation in the...

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