With 96.2% of companies have reported calendar 4Q earnings there’s signs that tariffs on imports from China and of metal are increasingly a business-as-usual issue. Only 15.6% of non-financial corporates mentioned the topic of tariffs in their conference calls since Jan. 1, down from 21.6% the prior quarter. Brexit is an increasing concern, however, with 10.9% of companies mentioning the topic compared to 2.7% in 2Q 2018. That’s somewhat unsurprising given uncertainty around Brexit is unlikely to be resolved until June. A drop in mentions of tariffs and Brexit in the metals sector to ...