Here’s What Trump’s Tariffs on U.S. Imports Are Doing to Markets
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President Donald Trump’s move to crack down on what he sees as unfair competition to U.S. firms reverberated around the world as investors assessed the relative impacts on companies hit by tariffs on solar panels and washing machines.
American beneficiaries such as First Solar Inc. climbed more than 6 percent in after-hours trading Monday in New York. In Seoul, washing-machine maker LG Electronics Inc. tumbled more than 5 percent within the first 15 minutes of trading before reversing losses to close higher. Samsung Electronics Co., which also counts those appliances among its many products, shrugged off the news from the start, closing with a 1.9 percent advance.