These 2 Dividend Stocks Also Happen to Be American Companies (Somewhat) Insulated From Trade War Troubles
Despite the U.S. and China announcing a 90-day pause on elevated tariff rates against one another, there is still a 10% blanket tariff rate on imports from most of the country's major trading partners, as well as 25% tariffs on steel, aluminum, and some auto parts. Additionally, negotiations are ongoing and while the worst of the trade war looks to be in the past, investors are still unclear about exactly how things will shake out.After so much market volatility, some investors may prefer to hunt for stocks that generate solid passive income. If they happen to be at least somewhat insulated from the ongoing trade war, that's even better. Here are two stocks that fit into this theme.The massive telecommunications company Verizon (NYSE: VZ) is headquartered in New York City, and made it abundantly clear in April that consumers would be on the hook for higher prices resulting from tariffs, if they were to stay at elevated rates. Long term, this may not be such a popular decision with customers, but financially it does offer some insulation from tariffs. Verizon also should have pricing power, given its well-known brand and the necessity of its offerings including internet and phone service.Continue reading
Despite the U.S. and China announcing a 90-day pause on elevated tariff rates against one another, there is still a 10% blanket tariff rate on imports from most of the country's major trading partners, as well as 25% tariffs on steel, aluminum, and some auto parts. Additionally, negotiations are ongoing and while the worst of the trade war looks to be in the past, investors are still unclear about exactly how things will shake out.
After so much market volatility, some investors may prefer to hunt for stocks that generate solid passive income. If they happen to be at least somewhat insulated from the ongoing trade war, that's even better. Here are two stocks that fit into this theme.
The massive telecommunications company Verizon (NYSE: VZ) is headquartered in New York City, and made it abundantly clear in April that consumers would be on the hook for higher prices resulting from tariffs, if they were to stay at elevated rates. Long term, this may not be such a popular decision with customers, but financially it does offer some insulation from tariffs. Verizon also should have pricing power, given its well-known brand and the necessity of its offerings including internet and phone service.
