Immediately after the Trump administration’s announcement of tariffs on imported steel and aluminum, battle lines started to be drawn. Much of the attention focuses on how the trade war impacts the United States’ relationship with China, Mexico, and even Canada. However, as an investor, you should think somewhere much closer to home.
Inside the United States, companies began to sound the alarm about the effect the tariffs would have on their businesses. Tariffs impose a tax on imports from foreign countries. And because the economy doesn’t happen in a vacuum, once the Trump administration announced their intention to impose tariffs on imported goods and raw material entering the United States, other countries were inevitably going to levy tariffs in return or find other ways to slow their imports of American goods.
Plus, tariffs meant to benefit one sector or industry typically invoke the law of unintended consequences. This simply means that there are certain U.S. companies that will be hurt by the same tariffs that will benefit other sectors.
In the following slides, we’ll review 10 stocks that are set to suffer from the Trump tariffs. In some cases, it is because of counter-tariffs being imposed on them, and in others, it is because of the direct effect of the tariffs that have been imposed.
Click the "Continue to Slide #1" button to view the first company.
