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Investing.com– Stifel analysts said in a recent report that real estate and property firms with North American operations are likely to see little impact from President-elect Donald Trump’s plans for tariffs. additional business.
But the trade deal sees risks for eastbound and trans-pacific shipping companies, as Trump has vowed to increase trade scrutiny against several Asian economies, particularly China.
Trump has vowed to impose tariffs from “day one” of his presidency, and will begin work next week on January 20.
Stifel said below, tariffs are expected to grow global demand for goods, perhaps reflecting higher shipping costs that will be passed on to consumers.
China is expected to be the worst affected by this trend, and trade flows from China are likely to decline further in the coming years, further weakening the country’s already struggling economy. Trump has also threatened to target imports from Canada and Mexico.
But Stifel analysts said the Canadian and Mexican tariffs “were not easy to stick with,” as the U.S. manufacturing industry remains heavily dependent on imports from the two.
The business environment produced a positive outlook for domestic and North American exporters, and saw increased risk for companies with exposure to China and the Middle East.
“We believe that the domestic production capacity of the US will not be able, or will take long, to take the place of the current overseas, this game is almost zero; In short: things are it has to come from somewhere.”
Among stocks, Stifel said it saw a positive trend for GXO Logistics Inc (NYSE: ) after 2025 limited.
FedEx Corporation (NYSE: ) and United Parcel Service Inc (NYSE: ) is expected to see increased risk due to their international exposure.
But the trade deal marked the prospect of increased “approximation,” the practice of doing business with neighboring countries to reduce costs.
In addition to GXO, Stifel said UPS and CSX Corporation (NASDAQ: ) are also likely to benefit from the near-term increase. The brokerage has Buy ratings on all three stocks.
