Whirlpool (WHR) Upgraded by BofA as Tariffs Hurt Overseas Rivals

Whirlpool Corporation (NYSE:WHR) ranks among the stocks to benefit from an onshoring boom. Bank of America upgraded Whirlpool Corporation (NYSE:WHR) from Underperform to Neutral on June 13, stating that the American home appliance manufacturer stands to gain from new import taxes that may increase prices for overseas competitors.

The U.S. government imposed a 50% tariff on the value of steel used in imported goods by adding home appliances to the Section 232 steel tariffs. The decision, which took effect on June 23, is likely to affect rivals that depend on less expensive international supply chains, especially those from South Korea and China.

In that regard, Whirlpool Corporation (NYSE:WHR) has a relative cost advantage since it gets almost all of its steel domestically and manufactures 80% of the appliances it sells in the United States.

Based in Michigan, Whirlpool Corporation (NYSE:WHR) is a home appliance manufacturer that provides its customers with a broad range of associated services and products.

While we acknowledge the potential of WHR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.