Wall Street is experiencing what some have dubbed “unprecedented” chaos. The market opened deep in the red on Monday, April 7 but swung rapidly back and forth after rumors of a 90-day tariff pause. Although the market stabilized by the end of the trading day, the underlying problem is still there. Investors are very uncertain about where this trade war is heading since the ripple effects will soon start to hit consumers.
Unless President Donald Trump’s administration decides to negotiate and makes dozens of deals with individual countries to lower the “reciprocal” tariffs slapped on them, the market will likely keep bleeding. As such, it’s a good time to retreat into consumer staples stocks. Here are three that are unlikely to take big hits from a trade war-driven downturn.
