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[$$] Tariffs Further Pinch Consumer-Staple Stocks

Escalating trade tensions have made times even harder for shares of companies that provide everyday goods. Already struggling with pricing pressures and sluggish growth, the fortunes of consumer-staple companies in the S&P 500 were further shaken after Canada, Mexico and the European Union retaliated against the U.S.’s imposition of tariffs on steel and aluminum imports. Canadian Prime Minister Justin Trudeau pledged to impose billions of dollars of tariffs on steel, aluminum and other U.S. goods, such as food and agricultural products.