Trump’s tariffs add risk to chips and consumer stocks, investors may look to defensive plays

Yahoo Finance03:46

Investors breathed a sigh of relief Monday after President Trump confirmed 25% tariffs on imports from Mexico will be suspended for a month. Stocks bounced off their lows of the session as Wall Street...

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Stocks bounced off their lows of the session as Wall Street...</p>\n\n<a href=\"https://finance.yahoo.com/news/trumps-tariffs-add-risk-to-chips-and-consumer-stocks-investors-may-look-to-defensive-plays-194617383.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump’s tariffs add risk to chips and consumer stocks, investors may look to defensive plays</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump’s tariffs add risk to chips and consumer stocks, investors may look to defensive plays\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-04 03:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/trumps-tariffs-add-risk-to-chips-and-consumer-stocks-investors-may-look-to-defensive-plays-194617383.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors breathed a sigh of relief Monday after President Trump confirmed 25% tariffs on imports from Mexico will be suspended for a month. Stocks bounced off their lows of the session as Wall Street...</p>\n\n<a href=\"https://finance.yahoo.com/news/trumps-tariffs-add-risk-to-chips-and-consumer-stocks-investors-may-look-to-defensive-plays-194617383.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XLK","symbol_name":"高科技指数ETF-SPDR","start_time":0,"source_url":"https://finance.yahoo.com/news/trumps-tariffs-add-risk-to-chips-and-consumer-stocks-investors-may-look-to-defensive-plays-194617383.html","article_id":"2508127869","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508127869","pubTimestamp":1738611977,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investors breathed a sigh of relief Monday after President Trump confirmed 25% tariffs on imports from Mexico will be suspended for a month. Stocks bounced off their lows of the session as Wall Street bet on the implications the delay could have on the Trump administration’s broader trade strategy.But the market may still be too optimistic about how Trump's tariff agenda will unfold. Experts warn President Trump as \"unabashedly pro tariff,” and investors may still be underpricing associated risks.And while Mexican tariffs may be delayed for now, Trump has yet to back down on plans to implement a 25% tariff on Canada and an additional 10% on China.\"The bigger impact is really going to be the impact on end demand. If you think about products that are made in China, it's going to be PCs, smartphones, and consumer electronics,\" KeyBanc's John Vinh explained to me. \"As prices increase, we think there's probably going to be a negative impact to end demand, and ultimately that's going to flow","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XLK":"高科技指数ETF-SPDR","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU0080751232.USD":"富达环球多元动力基金A","NVDU":"Direxion Daily NVDA Bull 2X Shares","3NVD.UK":"LS 3X NVIDIA","USAW.SI":"AMZN 3xLongSG261006","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LVS":"金沙集团","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","SG9999002224.SGD":"Allianz Global High Payout SGD","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","QRVO":"Qorvo, Inc.","INTC":"英特尔","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","SWKS":"思佳讯","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","NVDA":"英伟达","NVDS.UK":"LS -1X NVIDIA","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0251132253.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) ACC","NVD3.UK":"LS 3X NVIDIA","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","SNVD.UK":"LS -1X NVIDIA","AMZN":"亚马逊","NVD2.UK":"2X NVIDIA ETP","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","NVDD":"Direxion Daily NVDA Bear 1X Shares","KLAC":"科磊","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LRCX":"拉姆研究","2NVD.UK":"2X NVIDIA ETP","NVIW.SI":"NVDA 3xLongSG261006","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","QCOM":"高通","WYNN":"永利度假村","NVDS":"Tradr 1.5X Short NVDA Daily ETF","BK4552":"Archegos爆仓风波概念"},"translate_title":"特朗普关税增加芯片和消费股风险，投资者或寻求防御性投资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLK":1,"LVS":1,"NVDA":1,"QCOM":1,"QRVO":1,"LRCX":1,"SWKS":1,"INTC":1,"WYNN":1,"AMZN":1,"KLAC":0.9,"NVD2.UK":0.6,"NVD3.UK":0.6,"NVDD":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDU":0.6,"NVDY":0.6,"NVIW.SI":0.6,"USAW.SI":0.6,"SNVD.UK":0.6,"3NVD.UK":0.6,"2NVD.UK":0.6},"content_text":"Investors breathed a sigh of relief Monday after President Trump confirmed 25% tariffs on imports from Mexico will be suspended for a month. Stocks bounced off their lows of the session as Wall Street bet on the implications the delay could have on the Trump administration’s broader trade strategy.\nBut the market may still be too optimistic about how Trump's tariff agenda will unfold. Experts warn President Trump as \"unabashedly pro tariff,” and investors may still be underpricing associated risks. \n“There is an expectation on the street that [Treasury Secretary] Scott Bessent is the one running the show… I disagree with that sentiment,” Henrietta Treyz of Veda Partners warned on Catalysts this morning.\nAnd while Mexican tariffs may be delayed for now, Trump has yet to back down on plans to implement a 25% tariff on Canada and an additional 10% on China.\n“Tariffs are a negotiating tactic but I’m taking the China tariffs quite seriously,” Treyz added. “It’s a tax on U.S. consumers… It's a very different scenario, very different environment than in 2018.” \nIt's a risk to the market's valuation, argues Goldman Sachs's David Kostin. In a note to clients, Kostin wrote that rising policy uncertainty will likely weigh on equity valuation multiples, suggesting that the recent uncertainty increase should reduce the forward 12-month P/E multiple by about 3%.\nFor investors, the tech sector (XLK) is among the most at risk of a geopolitical escalation between the U.S. and China, as analysts warn of a \"pretty significant impact\" on demand for products.\n\"The bigger impact is really going to be the impact on end demand. If you think about products that are made in China, it's going to be PCs, smartphones, and consumer electronics,\" KeyBanc's John Vinh explained to me. \"As prices increase, we think there's probably going to be a negative impact to end demand, and ultimately that's going to flow upstream to all the chip companies.\"\nThat signals greater downside risk for names like Qualcomm (QCOM), Qorvo (QRVO), Skyworks (SWKS), Intel (INTC), and Nvidia (NVDA), Vinh warns. \nGoldman Sachs's analysis of S&P 500 companies with explicit reported revenue exposure to Greater China of 25% or more includes many of those big tech names, along with other consumer-facing firms. Among them are Las Vegas Sands (LVS), Wynn Resorts (WYNN), and Lam Research (LRCX), all of whose shares were under pressure as of mid-afternoon trading on Monday.\nMeanwhile, Evercore's Mark Mahaney sees Amazon (AMZN) most at risk of Trump's tariff playbook, noting that it's not just China, but the White House's recent rhetoric towards its other largest trading partners. \n\"Amazon is most at risk... to the extent that hurts manufacturers and retailers,\" Mahaney said.\nGiven the uncertainty, Wall Street pros are advising investors proceed with caution. \nRitholtz Wealth Management’s chief market strategist Callie Cox told me this morning that “sitting in a little bit more cash might make more sense,” while others advise investors to look towards “evergreen themes.\"\n“The new economic regime is here with the February 1 tariff announcement,” Global Ex’s head of investment strategy Scott Helfstein wrote Monday. “Investors may want to look for ports in the geopolitical storm in areas like U.S. infrastructure, defense technology, and U.S. energy infrastructure.”\nSeana Smith is an anchor at Yahoo Finance. Follow Smith on X @SeanaNSmith. Tips on deals, mergers, activist situations, or anything else? Email seanasmith@yahooinc.com.\nClick here for in-depth analysis of the latest stock market news and events moving stock prices\nRead the latest financial and business news from Yahoo Finance","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2508127869"}