3 American Companies Investors Need to Know Amid Trump's Tariff Wars
It's difficult to predict precisely what the tariff landscape will look like when the dust settles on the trade conflict, but we can say some things with a high degree of certainty. The current U.S. administration is serious about improving trading conditions for American companies and workers. That counts for both exporters and American companies competing domestically. In addition, President Trump is trying to encourage self-sufficiency in energy and key minerals and metals. That's great news for companies like Freeport-McMoran (NYSE: FCX), Whirlpool (NYSE: WHR), and Cheniere Energy (NYSE: LNG). Here's why.The miner dominates the domestic copper market. It provides 70% of the domestically sourced copper for U.S. refined production. That said, the U.S. imports 45% of its refined copper consumption. If the U.S. is going to reduce its dependency on foreign refined copper, Freeport-McMoran will play a significant role.There's increasing support for such an approach, with the U.S. Chamber of Commerce writing to the Commerce Department advocating for copper to be included in the list of critical metals and to receive tax credits under the existing section 45X tax credits, and for immediate action to encourage minerals and metals production in the U.S.Continue reading
It's difficult to predict precisely what the tariff landscape will look like when the dust settles on the trade conflict, but we can say some things with a high degree of certainty. The current U.S. administration is serious about improving trading conditions for American companies and workers. That counts for both exporters and American companies competing domestically. In addition, President Trump is trying to encourage self-sufficiency in energy and key minerals and metals. That's great news for companies like Freeport-McMoran (NYSE: FCX), Whirlpool (NYSE: WHR), and Cheniere Energy (NYSE: LNG). Here's why.
The miner dominates the domestic copper market. It provides 70% of the domestically sourced copper for U.S. refined production. That said, the U.S. imports 45% of its refined copper consumption. If the U.S. is going to reduce its dependency on foreign refined copper, Freeport-McMoran will play a significant role.
There's increasing support for such an approach, with the U.S. Chamber of Commerce writing to the Commerce Department advocating for copper to be included in the list of critical metals and to receive tax credits under the existing section 45X tax credits, and for immediate action to encourage minerals and metals production in the U.S.
