Trump's 15% Tariffs Will Make Millionaires in 2026 (Here's How)
Summary
Alex’s main thesis is that the era of blanket emergency tariffs is ending, but a new, more strategic 'AI trade war' is beginning. After the Supreme Court struck down tariffs based on the International Emergency Economic Powers Act, Trump pivoted to using Section 122 of the 1974 Trade Act to implement a 15% global tariff. Alex notes that while broad tariffs are being unwound, targeted 25% tariffs on advanced AI chips and semiconductor equipment (under Section 232) remain in place.
Alex views market volatility sparked by these headlines as an entry point rather than a reason to panic. He monitors the CNN Fear & Greed Index and the VIX, suggesting that when fear spikes during these policy shifts, it is the ideal time to 'get greedy' and buy quality assets. He emphasizes that the US government is now focusing on pulling the AI supply chain onshore through subsidies and targeted tariff waivers for companies investing in US manufacturing.
Mentioned Stocks
Reasoning: Alex views Micron as a critical component of the AI infrastructure being moved to the US and allied fabs. He explicitly includes Micron in his personal strategy of buying aggressively during tariff-induced drawdowns.
Reasoning: Alex identifies NVIDIA as a national security asset beneficiary. He explicitly states he is dollar cost averaging aggressively into NVIDIA during the market volatility caused by tariff headlines.
Reasoning: Alex groups AMD with NVIDIA as a winner because their advanced accelerators (specifically the MI325X) are protected by Section 232 tariffs and favored by current US trade policy.
Reasoning: Alex warns that Qualcomm is at risk due to its 25-40% revenue exposure to China. He notes that these companies are vulnerable to retaliation and lost tariff protections, though he doesn't state a personal trade.
Reasoning: Alex notes that foundries willing to build in the US, like Intel, will receive subsidies and more generous tariff rules, positioning them to benefit from the shifting trade landscape.
Reasoning: Alex mentions equipment makers like ASML benefit from the massive expansion of US-based manufacturing lines. He explicitly states he is dollar cost averaging into ASML during market sell-offs.
Reasoning: Alex highlights the favorable deal where TSMC can import chips tariff-free based on their US manufacturing commitments. He mentions he is personally buying this stock as part of the 'AI stack'.