The EU recently stated that it would impose 20 billion euros ($22.7 billion) worth of tariffs on U.S. products if President Donald Trump follows through on a threat to impose automotive duties against EU. And one of those companies being targeted is Caterpillar.
If you can recall, Caterpillar, announced earnings last month and had its biggest profit miss in a decade on worries over trade tensions. This past week Caterpillar was on the receiving end of more bad news.
Shares of Caterpillar Inc. sank Tuesday, after UBS swung to bearish from bullish on the belief that more than half of the company’s
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