3 Stocks Immune to the U.S.-China Trade War
With President Donald Trump signaling that the trade war between the U.S. and China could last well into the new year, investors can be forgiven for looking for places to hide out.
Volatility tied to the trade war is high, with the entire market moving on progress or lack thereof. Just last week, stocks took a hit after Trump told reporters during the NATO summit in London that a trade deal with China could take longer than expected -- potentially even after the 2020 U.S. presidential election.
That's an about-face from the president's previous comments and sets the stage for the possibility of $156 billion in additional tariffs on Chinese products as of Dec. 15. If that happens, it could spell trouble for companies that do business with Beijing or need parts from the country. The good news is, there are places to go to avoid the potential malaise. Adobe (NASDAQ: ADBE), Crown Castle (NYSE: CCI), and Facebook (NASDAQ: FB) operate in vastly different industries, but share one very important characteristic: They don't need China in order to thrive or survive. But that's not the only reason.
Source Fool.com
