Stocks and Industries Most Affected by Tariffs
1. Automobile Industry
- Tariffs on imported parts or finished vehicles can directly affect car manufacturers.
- Example Stocks:
- Ford Motor Company (F)
- General Motors (GM)
- Tesla (TSLA)
- Toyota (TM) – impacts from US tariffs on imports
2. Steel and Aluminum
- Tariffs on imported steel/aluminum can affect costs for manufacturers who rely on metals.
- Example Stocks:
- U.S. Steel (X)
- Nucor Corporation (NUE)
- ArcelorMittal (MT)
3. Technology & Electronics
- Tariffs on Chinese imports or components can increase costs for tech companies.
- Example Stocks:
- Apple (AAPL)
- Intel (INTC)
- Qualcomm (QCOM)
- Micron Technology (MU)
4. Agriculture & Commodities
- Tariffs on crops like soybeans, corn, or meat can affect prices and export revenue.
- Example Stocks:
- Archer Daniels Midland (ADM)
- Bunge Limited (BG)
- Tyson Foods (TSN)
5. Consumer Goods / Retail
- Tariffs on imported goods (clothing, electronics, toys) affect profit margins.
- Example Stocks:
- Nike (NKE)
- Walmart (WMT)
- Target (TGT)
- Hasbro (HAS)
6. Industrial Machinery & Manufacturing
- Tariffs on imported parts or machinery affect production costs.
- Example Stocks:
- Caterpillar (CAT)
- Deere & Company (DE)
- Honeywell (HON)
7. Energy & Chemicals
- Tariffs on imported chemicals, oil, or LNG can affect production costs and exports.
- Example Stocks:
- ExxonMobil (XOM)
- Chevron (CVX)
- Dow Inc. (DOW)
8. Aerospace & Defense
- Tariffs on components, metals, or imported planes can affect revenue and supply chains.
- Example Stocks:
- Boeing (BA)
- Lockheed Martin (LMT)
- Northrop Grumman (NOC)
9. Pharmaceuticals
- Tariffs on imported chemicals or medical devices can affect drugmakers.
- Example Stocks:
- Pfizer (PFE)
- Johnson & Johnson (JNJ)
- AbbVie (ABBV)
10. Logistics & Shipping
- Tariffs increase the cost of goods moved internationally, affecting shipping companies.
- Example Stocks:
- FedEx (FDX)
- UPS (UPS)
- Maersk (AMKBY – ADR)
Summary:
- Directly affected industries: Autos, steel/aluminum, agriculture, consumer goods.
- Indirectly affected industries: Technology, chemicals, aerospace, pharmaceuticals, logistics.
- Reason: Tariffs increase import/export costs, disrupt supply chains, or affect consumer pricing.
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