The latest twist in U.S. trade policy has left investors wondering which stocks will be impacted. With the new tariffs, some companies are expected to benefit, while others may face challenges.
Feb 23 (Reuters) – Tariff uncertainty is back after U.S. President Donald Trump announced a new 15% duty following a Supreme Court ruling that struck down his broader levies last week.
Domestic lumber product makers fell on Monday on fears of pricing pressure from cheaper imports while Wall Street analysts expected emerging market-focused exchange-traded funds and retailers to eventually benefit.
Stocks to Watch
Here are stocks, ETFs and sectors that could be impacted by the latest twist in the U.S. trade policy:
- Retail and Consumer: Jefferies analysts highlighted consumer electronics retailer Best Buy, luxury brand Ralph Lauren and sportswear giant Nike as among those likely to benefit the most from a reduction of tariffs.
- E-commerce Companies: Small and midcap e-commerce stocks are likely to have a mixed impact, according to BofA Global Research.
- Paper, Lumber and Packaging: The tariff ruling is likely to reduce the competitive edge that local packaging and lumber companies had over cheaper imports, analysts said.
- Automobiles: Legacy automakers like Ford Motor and General Motors have been caught in the tariff storm since the beginning of Trump’s second term but the ruling is unlikely to bring relief, according to Barclays analysts.
- Steel, Aluminum and Copper: Steel, aluminum and copper producers like Steel Dynamics, Alcoa and Freeport-McMoran are also unlikely to feel any impact as the tariffs will remain in place under Section 232, analysts at ING and UniCredit noted.
- Emerging Markets: Most brokerages expect China to be among economies that will benefit the most from the rejig in U.S. tariffs.
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