Commerce tensions all over the world are escalating, and Jefferies warned that some shares could possibly be hit notably onerous. The White Home stated President Donald Trump stated in a submit on Fact Social that the U.S. would impose reciprocal tariffs on items from nations with levies on American merchandise. This comes after he introduced tariffs on China, Mexico and Canada earlier in February. To make certain, a a one-month pause was rapidly carried out on the duties for the latter two nations. In accordance with Jefferies, manufacturing firms whose U.S. gross sales are better than their property in America seem extra prone to face strain from tariffs. With this in thoughts, the agency screened for an inventory of U.S. shares that fall underneath the next standards: Market cap over $5 billion Excessive U.S. gross sales publicity: over 20% U.S. manufacturing deficit: U.S. gross sales are greater than 10% better than the corporate’s U.S. property Listed here are among the names on the record: Apple is the one “Magnificent Seven” inventory featured on Jefferies’ record. The corporate has a 36.4% degree of gross sales publicity to the U.S. As a result of iPhones are produced and assembled exterior of the U.S., Jefferies famous that the corporate’s property publicity to the U.S. just isn’t related. 12 months so far, shares have fallen 3.7%. The inventory misplaced greater than 3% on Feb. 3., the day when Trump introduced 10% tariffs on China. Apple’s pullback that day was steeper than all the different megacap tech names apart from Tesla — underscoring the corporate’s publicity to increased import prices and international provide chain. AAPL YTD mountain Apple shares in 2025 Chipmaker Micron Expertise is one other title that could possibly be harm by tariffs. The corporate has a 52.4% gross sales publicity within the U.S. however simply 16.1% of its property within the nation. To make certain, the inventory has had a robust begin to 2025, gaining greater than 12% yr so far. Beer and spirits firm Constellation Manufacturers can also be in danger from tariffs, per Jefferies. Constellation has a model license to import, market and promote Mexican beers akin to Corona and Mondelo. Practically 98% of Constellation’s gross sales are within the U.S. market, however simply 16.2% of its property are uncovered to the U.S. The inventory was additionally one of many names that offered off as soon as Trump introduced his plans for tariffs on Mexico. Shares dropped greater than 3.5% on Feb. 3. 12 months so far, Constellation has plunged 26.4%. STZ YTD mountain Constellation Manufacturers in 2025
