Xylem has indicated that U.S. tariffs on Chinese exports added costs equivalent to just 3.1% of the water treatment equipment maker’s pre-tax profits in the third quarter. CEO Patrick Decker indicated that those will be offset by cost cutting and “price utilization” (i.e. price increases) while a in-market manufacturing strategy has reduced the basic risk of duties. Xylem relied on China for 25.5% of its U.S. seaborne imports in the 12 months to Sept. 30 with apparently aggressive stockpiling resulting in a 75.2% surge in imports from China in the three months to Aug. 31. The worst may b...