Caterpillar (CAT) shares fell꧅ Friday amid concerns over the impact of retaliatory tariffs on the company’s global construction footprint. 

Caterpillar shares slid more than 5% in recent trading after China's finance ministry said it would implement a 澳洲幸运5官方开奖结果体彩网:34% import duty on goods from the U.S. starting April 10, 澳洲幸运5官方开奖结果体彩网:matching the tariff on Chinese goods announced by the Trump administration late Wednesday. Friday's drop in Caterpillar's stock price extends losses Thursday, with shares d🀅own 13% over the past two sessions. 

The construction company operates manufacturing and distribution centers around the world, including in China, and is widely considered a 澳洲幸运5官方开奖结果体彩网:bellwether stock as a proxy for domestic and global economic expansion or contraction. Since the start of 2025, its shares are down n♊early 20♎%. 

In January, Caterpillar had posted 澳洲幸运5官方开奖结果体彩网:declining revenue year-over-year and missed Wall Street’s expectations for its fiscal fourth quarter, reporting a slowdown in its construction industries segment.