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Honeywell eyes supplier shift to avoid tariff hit
July 20, 2018 6:53 AM EDT(This version of the July 20 story corrects paragraph 1 to say company will increase the use of supply chain sources from non-China countries, not start sourcing from countries other than China)
By Ankit Ajmera
(Reuters) - U.S. industrial conglomerate Honeywell International Inc (NYSE: HON) said on Friday it will increase the use of supply chain sources from non-China countries to counter growing costs related to a tariff war between the world's two largest economies.
Honeywell's shares rose as much as 4.4 percent to $153.99 after the company also reported a better-than-expected quarterly... More
