3 U.S. Manufacturing Stocks That Could Gain From Tariffs On Vietnamese Imports

Tariffs on Vietnamese goods are back in the headlines, and that kind of policy risk can quietly reshuffle which U.S. basic materials and industrial manufacturers hold the stronger hand. Supply chains get rewired, cost structures shift, and investors who ignore it risk missing where money is actually flowing. This article walks through three stocks from our tariff-sensitive screener that appear positioned to benefit if these trade winds keep building.

The three stocks that follow are just a starting sample from this tariff-sensitive corner of the market, and the full screen surfaced 40 more U.S. basic materials and industrial manufacturers with equally compelling stories that are not covered here. To go straight to the source and identify your own highest-conviction ideas, analyze the full U.S. Tariff-Protected Basic Materials and Industrial Manufacturers U.S. Tariff-Protected Basic Materials and Industrial Manufacturers screener.

Ternium (TX)

Overview: Ternium is an integrated steel and mining group that produces flat and long steel products and iron ore for customers across the Americas.

Operations: Ternium generates about US$15.4b from its Steel segment and US$1.2b from Mining, with key markets in Mexico and Brazil.

Market Cap: US$10.4b

Ternium fits into this tariff-focused steel theme because it supplies North American buyers from regional mills rather than distant import hubs, so any tilt toward local sourcing can quickly matter for the business.

"Mexican trade measures that prioritize domestic steel in public procurement and target unfair imports are expected to keep favoring Ternium’s locally produced flat products. This can support revenue per ton and EBITDA margins as commercial customers rely more on regional supply."

The key variable is how one unresolved policy shift affects Ternium’s ability to convert higher local demand into any sustained margin strength.

If that policy swing keeps gathering pace, read the full narrative for Ternium to see how tariffs, capacity choices and regional demand could be quietly influencing the direction of Ternium.

Louisiana-Pacific (LPX)

Overview: Louisiana-Pacific produces plywood and engineered wood siding, trim and structural panels used in North and South American homebuilding and remodeling.

Operations: Louisiana-Pacific generates about US$1.6b from Siding, US$665 million from Oriented Strand Board and US$175 million from Other activities.

Market Cap: US$5.1b

Louisiana-Pacific matters in this tariff-focused screen because its engineered wood siding and plywood directly compete with Vietnamese imports in categories where U.S. trade protection could shift pricing power back toward domestic suppliers.

"Accelerated adoption of LP's SmartSide and ExpertFinish trim and siding products, supported by SmartSide volume and revenue compound growth that has outpaced single family housing starts over the past 15 years and by ExpertFinish volumes that grew 35% year over year in Q4 2025, continues to point to potential above market volume growth and stronger long term revenue and gross margin."

This raises the question of what happens if a relatively quiet change in competitive pressure affects how much of that siding momentum contributes to sustained margins.

That margin question is the real pivot, and the full narrative for Louisiana-Pacific explains how tariff shifts, siding mix and housing cycles could be quietly influencing Louisiana-Pacific’s earnings power.

Koppers Holdings (KOP)

Overview: Koppers Holdings supplies treated wood products, preservation chemicals and carbon compounds to railroads, utilities, residential lumber and industrial customers worldwide.

Operations: Koppers Holdings generates about US$907 million from Railroad and Utility Products and Services, US$615 million from Performance Chemicals and US$500 million from Carbon Materials and Chemicals.

Market Cap: US$785 million

Koppers Holdings matters for this tariff-sensitive screen because it sits directly in treated wood and wood chemical supply, exactly where any clampdown on Vietnamese wood and plywood imports could push more orders back toward U.S. based producers.

"Ongoing execution of the Catalyst operating model, with targeted recurring adjusted EBITDA uplift of $90 million a year by 2028 and a bridge to adjusted EBITDA margins above 15% points to further improvement in Koppers Holdings net margins and earnings power that markets may not yet fully reflect."

The real swing factor is what happens if a single pressure point in wood markets quietly shifts the balance between pricing power and input costs.

When that tipping point arrives, read the full narrative for Koppers Holdings to see how Koppers Holdings could turn tariff pressure into accelerating earnings power and rerated expectations.

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