10 Stocks Bear the Brunt of Trade Threats

6. International Paper Company (NYSE:IP)

International Paper Company dropped its share prices for a second consecutive day, losing 7.25 percent to end Tuesday’s session at $51.30 apiece.

The drop was in line with its counterparts as investors disposed of shares in manufacturing firms to minimize risks from the impact of tariff threats.

The trade threats followed IP’s leadership change announcement last week, where it welcomed Lance Loeffler as its new chief finance officer and senior vice president.

Throughout his more than 25-year career, Loeffler has worked in finance, strategy, and business leadership roles at UBS Investment Bank, Deutsche Bank Securities, and Halliburton, where he served as CFO for four years.

With higher taxes now posing a huge challenge to the manufacturing companies, Loeffler would take on the critical task of ensuring IP’s profitability amid a volatile economic environment.