10 Stocks Bear the Brunt of Trade Threats

3. Wayfair Inc. (NYSE:W)

Wayfair Inc. saw its share prices dive by 8.14 percent on Tuesday to finish at $33.64 apiece, in line with the drop in retail stocks as a result of the ongoing trade war between the United States and its trading partners.

Sentiment was further aggravated by comments from Brian Cornell, chief executive officer of Target, one of the largest retailers in the US, saying in an appearance on CNBC that higher prices on Mexican goods will likely lead to higher prices on produce.

Wayfair, an online retailer of furniture, decorations, and outdoor items, among others, is similarly set to bear the brunt of higher costs.

Prior to President Donald Trump’s return to the White House, an analyst already warned last year that Wayfair, as well as Best Buy and Five Below, would be especially at risk from the tariffs which could result in a plunge in earnings performance.