Industrial robot maker Fanuc has cut its profit outlook due to lower orders stating that worsening China-U.S. trade relations will mean “business is going to be tough”. The company may already be seeing a slowdown with revenues that fell 4% in calendar 2Q vs. 1Q while its U.S. imports fell 18% over the same period. Yet the challenge may be macroeconomic rather than tariff related. The U.S. is applying duties to Chinese exports of robotics related equipment and components, but the majority of Fanuc’s U.S. imports are completed machines from Japan that represented 85% of its total shipm...