Bank of America: Two stocks that may benefit from Trump's tariffs
In an effort to protect US industries from competition from other countries, particularly in the area of trade, President Donald Trump has unveiled a sweeping tariff plan. This plan was to include additional tariffs on goods imported from Mexico, Canada and China. Although some steps have been temporarily postponed after talks with some world leaders, including the Mexican President, there are still companies that can gain a competitive advantage in these conditions.
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These firms have the potential to take advantage of increased import costs and strengthen their position in the domestic market, thereby benefiting US industry.
Altria Group $MO: Tobacco giant with growth prospects
Virginia-based Altria Group is known for its diverse portfolio of tobacco products, which includes iconic brands such as Marlboro, Black & Mild cigars and Copenhagen smokeless tobacco. In addition to traditional tobacco, the company is also pursuing the future of smokeless alternatives through brands such as U.S.…