XPO Stock Gains Momentum as U.S. Trade Outlook Evolves

With incoming president Donald Trump's focus on tariffs as a means of controlling trade, investors might reasonably expect that the cost of importing some international goods could substantially increase after the arrival of the new administration in 2025. One possible outcome of this move might be an increase in domestic production and manufacturing. This is not yet the case—for December 2024, the S&P Global U.S. Manufacturing PMI, a measure of whether the manufacturing industry is growing or contracting, ...