tariffs.. does it really impact earnings/guidance or more of a myth

Say the congress enact a federal sales tax of 10%, do you really think company earnings nationwide would tank because of it?

And here we are, a 10% tariff which is essentially a federal sales tax, and it only applies to China, and some goods are still not even covered. And yet the market is spooked by trade wars because they think companies gonna miss earnings because of it.

Maybe people are just spooked by "trade WARS", the semantics makes people think it is more dangerous than it is actually is.

Submitted January 05, 2019 at 11:29AM by nocehr http://bit.ly/2LRXz03