Stocks that are getting hit the most from Trump's tariffs Monday include GM, Chipotle and Canada Goose
Published On Feb 3, 2025, 9:01 AM
President Trump announced increased tariffs of 25% on goods from Canada and Mexico, and 10% on imports from China, prompting a sell-off in the stock market. Companies with significant international supply chains, particularly in the auto, retail, and food & beverage sectors, are particularly affected. Key stocks include General Motors, Chipotle, and Canada Goose, which may face disruptions in supply chains and increased costs. Analysts predict a potential 5% decrease in U.S. stock valuations due to these tariffs.
Stock Forecasts
GM
Negative
General Motors, heavily impacted by tariffs due to its international supply chain, is likely to face disruptions and increased costs, potentially leading to a decline in stock value.
CMG
Negative
Chipotle may see increased costs for supplies sourced from Mexico, impacting profit margins and overall sales due to passing costs onto consumers, which could lead to decreased demand.
GOOS
Negative
Canada Goose, reliant on international imports for its luxury outerwear, could see its profits hurt due to higher tariff costs and reduced demand from tariffs influencing consumer behavior.
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