The upcoming presidency of Donald Trump is expected to bring significant tariff enforcement, which may impact various industries and stocks. While the precise impact of the tariffs is unknown, some stocks are likely to benefit from Trump’s tariff policies. Here are seven stocks that could rally from Trump tariffs in 2025:

1. Nucor (NYSE:NUE)

Nucor Corp. was a significant beneficiary of the Trump administration’s 2018 tariffs and is likely to benefit again. The steel industry is expected to be a key focus of Trump’s tariff policies, and Nucor is well-positioned to take advantage of this. With a consensus price target of $190.57, Nucor offers a potential 27% gain, along with a dividend yield of 1.45%.

2. Trex (NYSE:TREX)

Trex Company Inc. is a leading manufacturer of wood-alternative decking. If lumber prices are affected by tariffs, Trex may benefit as consumers seek alternative options. With a consensus price target of $79.94, Trex offers a potential 16% gain.

3. Carpenter Technology (NYSE:CRS)

Carpenter Technology Corp. is a specialty materials company that supplies steel products and offers 3D printing and additive manufacturing services. The company serves various industries, including defense and aerospace, which are experiencing significant growth. With a consensus price target of $167.17, Carpenter Technology offers a potential 2.9% gain.

4. Carvana (NYSE:CVNA)

Carvana Co. is an e-commerce platform for buying and selling used cars. The company is benefiting from two trends: new car prices remain out of range for many consumers, and the company’s e-commerce model allows consumers to buy and sell without engaging in the typical car-buying process. With a consensus price target of $261.53, Carvana offers a potential 36.3% gain.

5. General Motors (NYSE:GM)

General Motors Inc. is a more direct play on the expected growth in the domestic auto industry. Trump has made no secret of his intention to protect U.S. automakers from foreign competition. With a forward price-to-earnings ratio of 5.2, General Motors offers value that may be too good to pass up. The company’s consensus price target is $62.11, offering a potential 33.3% gain.

6. Intel (NASDAQ:INTC)

Intel Corp. may seem like an odd choice as a Trump tariff winner, but the company is set to benefit from the CHIPS Act, which aims to boost domestic semiconductor production. With a consensus price target of $25.58, Intel offers a potential 20.8% gain.

7. Coinbase (NASDAQ:COIN)

Coinbase Global Inc. is a cryptocurrency exchange that may benefit from Trump’s tariff policies. If Trump makes good on his promise to establish a national Bitcoin reserve, Coinbase may see increased demand. With a consensus price target of $314.72, Coinbase offers a potential 85.7% gain.