U.S. Manufacturing Severely Impacted by Tariffs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 02 2026
0mins
Source: stocktwits
- Stock Performance Comparison: GE and DE shares rose 44% and 21% respectively over the past year, outperforming the S&P 500's 17% and Nasdaq's 13%, indicating some resilience among manufacturing stocks under tariff policies.
- Tariff Impact Analysis: Trump's 'Liberation Day' tariffs raised the minimum import tax rate to 10%, leading to declines in U.S. manufacturing investment, construction spending, and employment in the months following the policy, with construction spending down 11.1% and manufacturing jobs decreasing by 77,000, demonstrating the tariffs' failure to effectively stimulate domestic production.
- Company-Level Impact: 3M expects tariffs to reduce its 2025 adjusted earnings by $0.2 to $0.4 per share, while DE's tariff costs are projected to reach $1.2 billion, with CEO John May stating that tariffs will continue to pressure margins in its large farm equipment business.
- U.S.-China Trade Plunge: Following the tariffs, U.S. imports from China fell by 30% and exports to China decreased by over 25%, with Chinese goods accounting for only 10% of total U.S. imports by the end of 2025, highlighting a significant deterioration in trade relations.
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Analyst Views on GE
Wall Street analysts forecast GE stock price to rise
9 Analyst Rating
8 Buy
0 Hold
1 Sell
Strong Buy
Current: 298.290
Low
275.00
Averages
345.67
High
386.00
Current: 298.290
Low
275.00
Averages
345.67
High
386.00
About GE
General Electric Company, doing business as GE Aerospace, is a global aerospace propulsion, services, and systems company. The Company has an installed base of approximately 50,000 commercial and 30,000 military aircraft engines. The Company operates through two segments: Commercial Engines & Services and Defense & Propulsion Technologies. The Commercial Engines & Services segment designs, develops, manufactures and services jet engines for commercial airframes, as well as business aviation and aeroderivative applications. Its services include maintenance, repair and overhaul (MRO) of engines and the sale of spare parts and offers services under a variety of arrangements. The Defense & Propulsion Technologies segment provides defense engines and critical aircraft systems and consists of its Defense & Systems and Propulsion & Additive Technologies businesses. Its portfolio of brands includes Avio Aero, Unison, Dowty Propellers and Colibrium Additive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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