5 U.S.-Focused Stocks To Buy For The Trump Era

On Friday, Donald J. Trump was sworn in as the 45th president of the U.S., an event which evoked strong reactions from both the country and the world. Promising to put “America First,” the president pledged to put an end to what he termed as the “American carnage” of rusted factories across the countries. Among his first actions on assuming office was a formal withdrawal from the Trans-Pacific trade Partnership.

This is a clear indication that the President does, in fact, intend on following through on many of his campaign promises even at the cost of causing great alarm to the world at large. At this point, it does make good sense to invest in domestic focused U.S. stocks which may be ideally suited to combat any volatility investors may encounter in the days ahead.

Exiting the Trans-Pacific Partnership

Almost immediately, the President has set about fulfilling his agenda. On Monday, Trump enacted the formal withdrawal of the U.S. from the Trans-Pacific Partnership. This was one of his key campaign promises and could create friction between the U.S. and its Asian allies. Trump has said that he wants to promote U.S. manufacturing and will now seek to conclude one to one trade deals which could be ended within a short period if necessary.

This is in keeping with a feeling among several U.S. citizens that trade deals of this nature have had a detrimental effect on the U.S. job market. Trump also met with U.S. industry heavyweights at the White House on Monday, promising to implement measures which will benefit domestic production and business.

At the same time, he warned that companies moving production abroad would have to face heavy penalties. Trump talked about enforcing a stiff border tax on products which come in from other countries.

Encouraging Domestic Industry

Trump also told the gathering of CEOs, which included the chief executives of Ford (F - Free Report) and Tesla (TSLA - Free Report) that he intends to reduce U.S. corporate taxes to within 15%-20%. This is a major cut considering that the current tax level is at 35%. Additionally, such a move would require the assent of the U.S. Congress, which of course is currently Republican dominated.

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