REPORT

Trade war and tariffs:
Anatomy of winners and losers

As global trade tensions flare, investors face a new era of geopolitical upheaval that’s reshaping markets in real time. Our latest report reveals how tariff shocks — like those ignited by recent U.S. policy moves — ripple through equity markets, separating “winners” from “losers” with striking consistency. By analyzing market reactions around key trade-war events and drilling into company fundamentals, such as domestic revenue and supply chain footprints, we uncover the hidden factors that drive tariff resilience.

Explore our findings to discover which companies thrive, which stumble, and how investors can adapt as trade wars reshape the global order.

Key takeaways:

  • How tariff shocks consistently separate stock winners from losers
  • Why firms with more U.S. revenue and supply chains tend to be more resilient
  • The reasons tariff impact varies widely even within the same industry
  • How companies that shift supply chains or business models are rewarded by markets
Trade war and tariffs: Anatomy of winners and losers

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