What's happening with Trump's tariffs on China, Canada and Mexico?

Given the growing trade tensions and the negative feedback from voters regarding the tariffs, the economic outlook may become increasingly strained. Companies directly impacted by tariffs, particularly those in sectors like electronics, agriculture, and energy, could face profit pressures. The retaliation from China could also escalate, further harming trade relations and investor confidence. Therefore, a bearish outlook seems reasonable for companies like Alphabet and Illumina. As such, investors may want to consider short positions or cautious strategies around these stocks.

Illumina, involved in biotechnology, faces risks from being added to China's 'unreliable entities list,' which may severely impact its operations and stock performance. The ongoing trade conflict poses significant uncertainties in its business model. Hence, a negative forecast is warranted here, making it crucial for investors to integrate risk management strategies.

PVH Corp, while not instantaneously linked to the tariffs, may still experience broader impacts from weakened consumer sentiment and higher import/export costs attributed to the trade tensions. Long-term growth could be hampered in a protracted tariff war, leading us to suggest a negative outlook on this stock as well.