Caterpillar has dumped some bad news on investors: Tariffs and an economic slowdown in China dragged down earnings. The company also lowered expectations for the year. American manufacturers that produce in the United States and sell to China — and those that produce in China to sell there — will be hurt by China’s slowdown. That pain could, in turn, spread to more sectors of the U.S. economy.
Click the audio player above to hear the full story.