KINGSPORT, Tenn. (WJHL) — Hours after Eastman Chemical CEO Mark Costa described the current tariff and trade environment as "chaos" in an Aug. 1 second-quarter earnings call, the share price of Eastman stock had sunk to multi-year lows on a lackluster earnings report.

Nearly a week later, the stock price hasn't recovered much from Friday's close of $58.96 (a 19% drop from the previous day) and more tariff announcements have come out of President Donald Trump's administration.

A local economist said Eastman is likely in for a bumpy ride in the short term, including further efforts at cash conservation that could impact some employees.

“In the cost-cutting initiative the CFO mentioned labor cuts would be involved," Milligan University professor David Campbell told News Channel 11, though

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