花旗：美国股票策略_ 第一季度财报揭示的关税政策信息

V i e w p o i n t | 09 May 2025 16:00:00 ET │ 17 pages US Equity Strategy What Q1 Earnings Are Telling Us About Tariff Policy CITI'S TAKE The Q1 reporting season storyline is that falling revisions heading into reports set up for a solid positive surprise. When combined with a push out on tariff impacts, equities have rallied. Yet, Q1 upside translated into full year downside to consensus EPS estimates. Notably, we are seeing signs of consumer softening in the company and macro data. That this is unfolding ...