The market has been bracing for the 60% tariffs that President Donald Trump has been threatening to levy on Chinese imports ever since the 2024 presidential election campaign. The countdown has begun with the 25% tariffs on imports from Mexico and Canada to be administered as early as Feb 1, 2025. The 60% tariff talk for China has been replaced with a 10% tariff on all Chinese imports, starting on Feb 1, 2025. Importers of China's products can breathe a temporary sigh of relief, at least in the near term. Here are two stocks set to benefit from the walk down from 60% to 10% tariffs on Chinese imports.
