Caterpillar Stock Slides as China Levies Retaliatory Tariffs

2 months ago 15

Andrew Kessel

Fri, Apr 4, 2025, 9:44 AM 1 min read

Caterpillar shares fell Friday, extending Thursday's losses aft President Trump announced sweeping tariffs connected goods from countries each implicit the world.
China responded to Trump's tariffs with a 34% work connected U.S. goods starting April 10.
The operation institution operates a planetary footprint and is considered a bellwether for economical maturation and contraction.

Caterpillar (CAT) shares fell Friday amid concerns implicit the interaction of retaliatory tariffs connected the company’s planetary operation footprint.

Caterpillar shares slid much than 5% successful caller trading aft China's concern ministry said it would instrumentality a 34% import work connected goods from the U.S. starting April 10, matching the tariff connected Chinese goods announced by the Trump medication precocious Wednesday. Friday's driblet successful Caterpillar's banal terms extends losses Thursday, with shares down 13% implicit the past 2 sessions.

The operation institution operates manufacturing and organisation centers astir the world, including successful China, and is wide considered a bellwether banal arsenic a proxy for home and planetary economical enlargement oregon contraction. Since the commencement of 2025, its shares are down astir 20%.

In January, Caterpillar had posted declining gross year-over-year and missed Wall Street’s expectations for its fiscal 4th quarter, reporting a slowdown successful its operation industries segment.

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