Some U.S. industries could thrive amid trade tensions -Cowen [Reuters (UK)]
Cowen Inc. - Class A (COWN)
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Source: Reuters
Some U.S. industries could thrive amid trade tensions: Cowen | Reuters Reuters Staff 4 Min Read NEW YORK (Reuters) - Though the escalating tensions between the United States and several of its trading partners could hurt companies across a broad range of sectors, several industries are poised to withstand them or even thrive, according to U.S. financial services firm Cowen and Company on Friday. China’s recent revisions to tariffs have a clear benefit to luxury retailers, Cowen analysts said in a report. While the country raised import duties on several categories of U.S. goods, it lowered tariffs on apparel, cosmetics, household goods and jewelry. The lower tariffs on jewelry could especially benefit Tiffany & Co ( TIF.N ), as 16 percent of its sales come from China, Cowen said. Other industries, including banks, restaurants and discount retailers, face relatively minimal impact from the burgeoning trade war and could even benefit under certain conditions, Cowen said. Banks do not
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