The economic data don’t show it, but many U.S. firms at home and in China are feeling the pain of tariffs – Los Angeles Times

Spurred in part by the corporate tax overhaul, Marc LeBaron, the owner of Lincoln Industries in Lincoln, Neb., ordered a top-of-the-line metal-fabricating machine for $1.5 million late last year. It was a large and, as far as he could see, smart investment for his company, which had grown to 1,300 employees from a humble one-man shop started by his father in 1952, polishing and replating silver teapots and car hood ornaments.