Yahoo Finance

Materials manufacturer 3M says its far-flung network of factories could help it mitigate the impact of the global trade war, but it still expects that tariffs could dent its earnings by up to 40 cents per share this year. China is a particular concern because 3M’s total annual flow of goods to and from the country amounts to about $600 million. With the U.S. and China each imposing import duties of more than 100% on each other, the tariff price tag could reach an annualized $675 million, the company said.