- U.S. President Donald Trump posted on Truth Social on Thursday confirming that his 25 per cent tariffs on imports from Canada and Mexico will go into effect on March 4th
- His administration will also double the 10 per cent tariffs currently in effect on Chinese imports
- Prepare for a potential near-term broad-market shock by considering for due diligence 60 notable stocks across diversified industries
U.S. President Donald Trump posted on Truth Social on Thursday confirming that his 25 per cent tariffs on imports from Canada and Mexico will go into effect on March 4th, when his administration will also double the 10 per cent tariffs currently in effect on Chinese imports.
These are in addition to a proposed 25 per cent tariff on Europe announced on Wednesday and a reciprocal tariff planned for April 2nd matching taxes charged by other countries on U.S. goods.
Trump’s weaponization of the economy, stemming from concerns about illegal drugs flowing from China to Mexico and Canada, and into the U.S., is likely to spook the global stock market, especially as retaliatory tariffs continue to roll in, stoking fears of renewed inflation, rampant unemployment and tepid prospects for future growth and shareholder value creation.
Should stock indices respond by suffering sustained drops, there are two key consequences worth considering. First, investors intending to spend down their portfolios over the near term may have to lower their withdrawal expectations. Second, investors with long-term time horizons would be able to buy stocks at a discount, remembering the asset class’s proven history of bouncing back from significant drawdowns over the short to medium term.
Given this state of affairs, it may prove beneficial to Stockhouse readers to replenish their watchlists in anticipation of potential widespread undervaluation. Here are 60 prospective stocks to get you started:
- The top 5 mining dividend stocks in Canada.
- The top 10 Canadian small-cap stocks for growth.
- The top 5 Canadian agriculture stocks to watch.
- The top 10 artificial intelligence stocks under $10.
- The top 10 Canadian silver stocks.
- The 10 best-performing Canadian bank stocks.
- The 10 best-performing Canadian oil stocks.
If you’re feeling uncertain about how to respond to Trump’s second term from an investment perspective, make sure to also check out 4 moves investors should make under a Trump presidency.
Join the discussion: Find out what everybody’s saying about Trump’s tariffs on Stockhouse’s stock forums and message boards.
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