President Trump’s tariff spree has left quite a dent in the global stock markets. Trump has ordered a 90-day pause on all tariffs, except for those on China. The two biggest economies in the world are engaged in a heated trade combat. The US stock market saw massive trade volumes, not seen since the 2008 crash.
Also Read: XRP Eyes 12.5% Jump to $2.25 as $18.9T Tokenization Wave Approaches
US Stocks Suffer Amid Tariffs
Global share markets took a massive hit on Monday, Apr. 7. China experienced its worst crash since 2008. Taiwan and Japan had to halt trading due to circuit breakers. India did not escape the bloodbath either.
The stock market crash came after the US announced additional tariffs on China after Beijing announced reciprocal tariffs on the US. While Trump has paused tariffs on most countries, he has not spared China yet.
Also Read: What Happened To The U.S. Treasury Market?
Elon Musk’s Grok AI on X sheds light on a few stocks that could minimize the damage from the ongoing tariff war.
Top 3 US Stocks Recommended By Grok To Avoid Tariff Impact
1. Verizon Communications (VZ)
According to Grok, telecommunication companies like Verizon are largely tariff-proof. This protection arises from the fact that a majority of their revenue comes from domestic services. VZ is a solid stock in this regard.
2. UnitedHealth Group (UNH)
UnitedHealth Group is a healthcare giant that does not rely on imports. As such, the company remains protected from tariff impacts. Tariffs may indirectly lead to higher medical costs, but the company’s stock could be protected from major damage.
3. Fortinet (FTNT)
Also Read: De-dollarization: China’s 10-Year Plan Now OPERATIONAL as Yuan Usage SURGES 3000%!
Fortinet is a cybersecurity company. The firm sells software and services. These services are not directly related to physical supply chains. This makes it among the few US stocks that face minimal impact from tariffs. It should be known that FTNT continues to trade in the red zone today.
