Worried About Tariffs? Keep a Watch on 2 Energy Giants: XOM & CVX
President Donald Trump’s recently imposed tariff has rattled the equity market. The question in everybody’s mind is whether the tariffs will be in place for an extended period. If the tariffs stick around for a while, U.S. spending across all businesses will probably take a hit in the face of increased prices. Eventually, there will be a contraction in the American economy. If there is a slowdown, then energy demand will go down, which could weigh heavily on the business performance of most energy companies ...