economy

January 13, 2026

These stocks could be helped the most if the Supreme Court knocks down Trump's tariffs

Wells Fargo pointed to stocks like Caterpillar, Target and Nike, saying they could get a boost if the Supreme Court rules against Trump's tariffs this week.

These stocks could be helped the most if the Supreme Court knocks down Trump's tariffs

TL;DR

  • The Supreme Court may rule on President Trump's tariffs, potentially boosting affected stocks.
  • Wells Fargo identified a 'Tariff Relief Basket' of consumer and industrial stocks likely to benefit from tariff repeal.
  • Stocks in this basket have already seen a 15.8% increase since the Nov. 5 hearing, compared to the S&P 500's 3% rise.
  • If overruled, the administration might focus on reinstating tariffs on China and strategic sectors.
  • Nike, an athleticwear company, could benefit from the lifting of U.S. tariffs, especially after previously increasing prices due to rising tariffs on Asian-made goods.
  • Caterpillar, a construction equipment maker, also stands to benefit, as its quarterly profits were previously impacted by increased manufacturing costs due to Trump administration tariffs.
  • Caterpillar CEO Joseph Creed noted that tariffs would be a headwind to profitability.

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