Some sectors of corporate America have lagged. Industrial companies in the S.&P. 500 — Boeing, Honeywell and 3M among them — are up only 3.8 percent for the year. Such companies are especially vulnerable to trade disputes. They consume large amounts of products like steel and aluminum, whose prices have jumped because of the administration import tariffs. Some of these companies also do lots of business in China, where they may be subject to that country’s tariffs, a general economic slowdown because of the trade wa
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