S&P 500 Earnings to Take a Big Hit From Trump Tariffs, BofA Says

• S&P 500 firms could see an 8% hit to earnings if Mexico and Canada retaliate on tariffs, BofA says.
• Wall Street expects an EPS drawdown to dent the S&P 500’s rally.
• US earnings are otherwise set for strength amid upbeat corporate sentiment.

A tit-for-tat trade war between the US and its neighbors could spell real trouble for S&P 500 earnings.