3 Stocks That Could Benefit From New Trump Tariffs
With so much tariff-driven uncertainty on the horizon, smart investors are starting to think strategically as well as defensively.
As it turns out, President Donald Trump wasn't bluffing about imposing tariffs on imported cars. On Wednesday the White House announced any carmaker looking to bring a new vehicle into the United States would be forking over an additional 25% of that automobile's value. This newest tariff is added to an already-lengthy list that includes several categories of industrial and consumer goods, and goods coming from key trade partner China in particular. Economists and consumers alike are entertaining the possibility of economic weakness as a result, if not a full-blown recession.
Not every company is subject to the impact of tariffs, though, or for that matter, their subsequent economic fallout. Here's a rundown of three stocks that will not only survive the growing number of tariffs, but may even thrive because of them.
It remains to be seen just how much President Trump's new tariffs on imported automobiles will raise car prices. But estimates put the additional cost at anywhere between $5,000 and $15,000 per vehicle, depending on the car. With the average price of a new automobile already at a hefty $48,000 (according to Cox Automotive's Kelley Blue Book), the additional cost is simply going to push new car prices out of reach for most people.
