Will trade war slow third quarter earnings growth?

By Blu Putnam, Chief Economist, CME Group

• Most companies likely to weather trade war impact on top-line revenues
• But disruptions to supply chains could raise costs, trim margins in 2020
• Farmers might gain from a limited deal with China, but not most US companies
• Scrapping of tit-for-tat tariffs is key to boosting 2020 earnings prospects