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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.
Caterpillar leans on old playbook to cope with Trump tariffs
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