Lovesac, the Connecticut-based maker of beanbag chairs, is sounding the alarm on the trade fight between the U.S. and China. The company’s shares shed 23% Tuesday after Lovesac reported worse-than-expected earnings for the first quarter, blaming in part the 25% tariffs on the chairs the company manufactures in China for the American market.

Source: Wall Street Journal June 11, 2019 17:48 UTC