3 stocks that could benefit from Trump's trade policy
Donald Trump's intention to impose tariffs on all imports, especially those from China, is provoking mixed reactions. Some experts expect that he might moderate his plans, but he stressed in his last speech that nothing will stop him from fulfilling his election promises.
The introduction of tariffs could cause problems for many US companies, but for some it could be a welcome opportunity. This article will therefore focus on three stocks of companies that could gain significantly from Trump's approach to tariff policy.
CSX Corporation $CSX
Florida-based CSX is one of the largest rail operators in the United States. Its network spans 20,000 miles of track in 26 states east of the Mississippi River as well as two Canadian provinces. CSX's stock rose sharply after Trump's election victory, suggesting that investors are anticipating its potential gain from his tariff measures.
While CSX acknowledges that increased tariffs could reduce import and export volumes, which could affect…