Infrastructure Caterpillar leans on old playbook to cope with Trump tariffs Updated : September 21, 2018 01:47 PM IST Caterpillar has said it would offset the impact through a price increase that went into effect on July 1 and general cost cutting measures, helping it post a record profit for all of 2018. CAT, Deere & Co and Harley-Davidson Inc are among the many manufacturers trying to keep a lid on expenses to cope with a 30 percent rise in US steel prices since the start of 2018. Those rising costs, along with a tit-for-tat tariff war with China, have clouded the earnings outlook for industrial companies, dragging down their shares. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.