3 Stocks to Buy That Could Protect Your Portfolio From President Donald Trump's Tariffs
While the stock market is reeling, these could be great stocks to weather the uncertainty.
On April 2, President Donald Trump enacted the highest U.S. tariffs since 1910. With a baseline tariff of 10% on all goods brought into the country and much higher tariff rates for dozens of specific countries, the tax on imports was far higher than most experts expected.
Even after the announcement, uncertainty remains. China already announced retaliatory tariffs, and the European Union is planning countermeasures against the United States' 20% tariff against the countries in its economic union. Meanwhile, U.S. Treasury Secretary Scott Bessent warned countries not to retaliate. "If you retaliate, there will be escalation," he said in an interview following President Trump's announcement.
Investors searching for safe havens amid the intensifying trade war should look to companies with limited international operations. If trade policies slow the economy, possibly bringing on a recession, investors will want to own companies that provide consumer staples or lower-cost substitutes. These three stocks look like they could protect your portfolio amid the Trump tariffs.
