These stocks in particular face downside risk if the U.S. and China ramp up their tit-for-tat conflict, according to the Wall Street bank.
UBS warns that the trade war with China could escalate from current levels, despite President Donald Trump 's temporary pause on U.S. tariff threats against Mexico and Canada. As of Tuesday, the U.S. levied a 10% tariff on all Chinese goods, but Trump has previously threatened tariffs as high as 60% against China , UBS global equity strategist Andrew Garthwaite said.
mountain Dollar Tree shares over the last 12 months UBS also identified auto stocks as names that will be hard hit by higher China tariffs. Shares of motorcycle maker Harley-Davidson have sold off more than 4% over the past five days, reaching a new 52-week low on Wednesday on disappointing fourth-quarter results. Analysts are on the sidelines. Of 15 analysts covering Harley-Davidson, nine rate it a hold. But the average price target is $35, or 33% above the stock's close on Wednesday.
mountain Rivian stock in 2025 — CNBC's Michael Bloom and Christina Cheddar-Berk contributed to this report.
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