March 31, 2025
Sentiment of Companies Associated with Tariffs: 95% Were Negative
In the past 3 months of earnings calls we averaged the sentiment of every sentence in which an analyst referenced "tariffs." Exactly 100 companies had more than 3 such tariffs references. On average, only 5% of companies were positive, while 95% were negative.
The level of positivity was anemic for those five positive companies and was exceptionally negative for the remaining ninety-five.
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