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Deere, Apple, Retail in Focus as U.S. Releases Tariff List

  • Ralph Lauren’s polo shirts may be caught in China-U.S. tussle
  • Apple’s profit may take a hit, expenses may rise, analysts say
Bloomberg business news
Deere in 'Perfect Storm' Prompts Downgrade by JPMorgan
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Deere & Co. and Ralph Lauren Corp. were among companies facing fresh U.S.-China trade war worries on Tuesday.

JPMorgan cut its rating on the Moline, Illinois-based equipment maker due to worsening conditions for U.S. farmers, while Ralph Lauren’s CEO fretted about “sweaters, polo shirts, some of our footwear.” Cell phones, toys, game consoles and printers were included in a fresh tariffs list released on Monday, and the likes of Hasbro Inc. and Western Digital Corp. may be hurt. President Trump continued to tweet about trade on Tuesday morning, with statements including, “When the time is right we will make a deal with China.”