Cargo cranes are used to take containers off of a Yang Ming Marine Transport boat at the Port of Tacoma in Washington last year. Photo: APCargo cranes are used to take containers off of a Yang Ming Marine Transport boat at the Port of Tacoma in Washington last year. Photo: AP
Cargo cranes are used to take containers off of a Yang Ming Marine Transport boat at the Port of Tacoma in Washington last year. Photo: AP

US-China trade war slashes US$1.7 trillion from American companies’ market caps, Federal Reserve Bank of New York says

  • Higher tariffs are poised to reduce American firms’ investment growth rate by nearly 2 percentage points
  • Companies with exposure to China more affected as a slowdown in the Chinese economy reduces the return on investment American companies make there
Topic |   US-China trade war
Cargo cranes are used to take containers off of a Yang Ming Marine Transport boat at the Port of Tacoma in Washington last year. Photo: APCargo cranes are used to take containers off of a Yang Ming Marine Transport boat at the Port of Tacoma in Washington last year. Photo: AP
Cargo cranes are used to take containers off of a Yang Ming Marine Transport boat at the Port of Tacoma in Washington last year. Photo: AP
READ FULL ARTICLE