5 Stock Picks for America's Everlasting Trade War
With a "Tariff Man" in office, investors have been buffeted by volatility and uncertainty. Where will President Donald Trump's tariffs land next? Sure, Mexico is off the list for now - but it's clear that Trump favors the use of tariffs for more than just trade imbalances, which means anywhere on the map (including countries we've reached agreements with) is fair game for future trade wars.
Which means it's important to consider stock picks not just based on the current tariff situation, but on the possibility that Europe, Mexico and other regions could become more problematic in the future.
Finding insulation from the tariff effect is trickier than it sounds. For instance, most publicly traded casual dining restaurants operate most of their restaurants in the U.S. Thus, catering to primarily American consumers insulates them, right? Unfortunately, no. A University of California at Davis study shows 43% of fruit and vegetables - everything from strawberries and watermelons to avocados and onions - come from Mexico.
Autos? More than 1,000 Chinese companies export parts to the U.S.; some U.S. firms already are switching their suppliers. Apparel? A lot of
