I already have some money in VGK and I'm wondering if anyone has insight for other European, or otherwise, stocks that would benefit from Europe reducing trade with the U.S.
Energy sector seems obvious but it's also the last thing that gets pulled. Even the most contentious countries still export/import this sector.
Pharmaceuticals might be a good one. I'm not sure if patents will be respected and Europe could just start producing American pharmaceuticals within the Union.
Heavy machinery seems like a good candidate. Airbus, Volvo, Liebherr, etc.
Then there's European defense companies but those have been cooking since orange man hosted a freak show at the White House and invited Zelensky to be the guest of honor.
This may all be ramblings but if anyone has something to add, or correct, please do.