ORBX is trading 3.1% down today as the industrials sector faces pressure from the Trump administration’s new 10–12.5% tariffs on imports from 60 countries, including China and the EU.
- The broad duties have triggered significant cost and demand uncertainty for manufacturers and transportation firms, which are core components of the industrials sector.
- Cyclical stocks are experiencing outsized downside compared to the broader market as investors navigate a cautious environment marked by elevated oil prices and higher bond yields.