Wall Street braces for Q2 earnings hit from Trump’s trade war

US companies are getting ready to open their books on the second quarter, with investors looking for signs of an impact from President Donald Trump’s trade war launched on April 2.

While earnings growth is expected to decelerate from the first three months of the year, a sharp decline in the dollar could help to offset possible tariff effects.

Analysts are forecasting second-quarter growth of 5.8 per cent year-over-year compared with 13.7 per cent in the first quarter, LSEG data show.