10 NASDAQ Stocks Set to Soar Under Trump’s Tariff Policies in 2025

1. Carvana (CVNA)

Carvana, the online used-car marketplace, operates primarily within U.S. borders. Its domestic-first business model offers a built-in advantage during times of elevated import tariffs — especially when competing automakers are grappling with costlier imported parts. As consumers shift toward affordable, used vehicles, Carvana could see a surge in demand.

2. Dollar Tree (DLTR)

High inflation and rising import costs could drive budget-conscious consumers toward discount retailers like Dollar Tree. With its deep national footprint and fixed-price strategy, Dollar Tree is well-positioned to absorb price-conscious demand, especially if foreign-made consumer goods get pricier under new tariffs.

3. MercadoLibre (MELI)

Though not a U.S.-based company, MercadoLibre, Latin America's leading e-commerce platform, provides investors with an international hedge. With limited direct exposure to U.S.-China trade dynamics, MELI offers growth potential in relatively insulated markets — an appealing diversification option for investors seeking to de-risk from tariff-heavy sectors.

4. Shopify (SHOP)

As businesses move toward localized supply chains and domestic sourcing, Shopify’s platform becomes increasingly attractive. Small and mid-sized businesses using Shopify to sell American-made products online could thrive under tariff protection, driving more merchants to the ecosystem — and more revenue for Shopify.

5. Nucor Corporation (NUE) (NYSE)

Though technically on the NYSE, Nucor deserves mention. As one of the largest steel producers in the U.S., Nucor has historically benefited from tariffs on foreign steel. If Trump reinstates steel import taxes, domestic producers like Nucor may see improved pricing power and expanding margins.

6. Huntington Ingalls Industries (HII) (NYSE)

Trump-era policies often favor increased defense spending and revitalizing U.S. manufacturing. Huntington Ingalls, the country’s largest military shipbuilder, stands to benefit from both. While not a NASDAQ stock, its alignment with national defense and industrial policy makes it a strong consideration under protectionist regimes.

7. Etsy (ETSY)

A marketplace for handmade and vintage goods, Etsy sellers tend to operate within local supply chains. The platform could benefit as shoppers turn toward domestically-sourced products to avoid inflated prices on imported goods. Etsy’s appeal may also grow as small creators fill gaps left by disrupted global supply chains.

8. American Superconductor Corp (AMSC)

Focused on energy infrastructure and grid technology, AMSC is a sleeper candidate that aligns with national manufacturing goals. A renewed focus on energy independence and onshoring could shine a light on companies building the backbone of future infrastructure.

9. Axon Enterprise (AXON)

Makers of Taser and body camera technology, Axon is not only a law enforcement staple but also a growing SaaS provider. With domestic contracts and a majority U.S. footprint, the company is largely shielded from tariff risk — and stands to gain from any federal procurement preference for American-made goods.

10. Generac Holdings (GNRC)

Specializing in backup generators and energy tech, Generac has a predominantly North American manufacturing and sales base. If tariffs raise prices on imported energy equipment, Generac could benefit from increased demand and pricing power domestically.