5 Best Airport and Infrastructure Stocks To Buy Under President Trump

2. United States Steel Corporation (NYSE:X)

Aside from concrete and other building materials, another prime material needed for infrastructure is steel. Steel companies like United States Steel Corporation (NYSE:X) were also highlighted during Trump’s presidential campaign, as he promised to target cheap Chinese steel and impose tariffs on imports in order to provide a demand boost for U.S steel. United States Steel Corporation (NYSE:X) stands to benefit from protectionist tariffs, especially since Trump also wants to build pipelines and the Wall, all using U.S steel. However, the fate of import tariffs is unclear, mainly because a lot of companies have been lobbying against them, arguing that such a move would cost jobs in their industries, according to Reuters. Meanwhile, there were 40 funds tracked by us holding shares of United States Steel Corporation (NYSE:X) at the end of March, up from 35 funds a quarter earlier.

bogdanhoda/Shutterstock.com

bogdanhoda/Shutterstock.com

Follow United States Steel Corp (NYSE:X)