Thus far, the nation’s strong economic growth, fueled in part by tax cuts and deregulation of businesses, has softened the blow for many companies. Like other economists, Michael Gapen of Barclays Bank is forecasting the U.S. economy to expand at a brisk 3% annual rate in the remaining two quarters of this year, similar to the first half. That should be strong enough for now to absorb the headwinds from trade, he said.

Source: Los Angeles Times September 13, 2018 01:02 UTC