Companies weigh impact of China and trade, and it's not all bad

Picture is complicated not only by uncertainty of trade war, but changes within China itself.A man passes a Louis Vuitton store in Macau, China, on Friday, Dec. 10, 2010.The impact on earnings from the slowdown in China and the ongoing trade war is not uniform.

"Guidance overall has been more upbeat than we anticipated, especially given the macroeconomic backdrop and trade concerns," Lindsey Bell from CFRA Research said in a note to clients. In some cases, tariffs and other additional costs are being passed on to customers, in others, not. The overall picture around the slowing global economy and trade and tariffs is complicated, partly due to changes going on within China itself.

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