Tariffs between the US and Canada are no longer just headlines; they are starting to reshape where factories run, where goods are sourced and which companies sit closer to the front of the line when trade costs rise. That shift can create fresh winners and leave others lagging. This article walks through three stocks exposed to this trade story and explains why each could matter for your portfolio decisions today.

The three stocks covered below are just a starting sample, and the full screen surfaced 50 more companies with equally compelling trade and reshoring narratives that are not covered in this article.

To identify which of these could fit your own watchlist, head straight into the US Domestic Substitutes for Canadian Industrial and Consumer Imports screener to filter, analyze and focus on the highest conviction US substitutes for Canadian industrial and consumer imports.

Myers Industries (MYE)

Overview: Myers Industries is a US-based manufacturer and distributor of industrial plastic and rubber products, supplying reusable containers, pallets, storage systems and custom molded parts that can replace imported Canadian industrial goods as customers look for domestic suppliers. It also runs a tire service distribution business, providing tools, equipment and repair materials to tire dealers, fleets and service centers across North America.

Operations: Myers Industries generates the bulk of its roughly $749 million in reported revenue from customers in the United States, with a smaller segment-level adjustment related to other activities.

Market Cap: US$1.26 billion

Myers Industries may be worth a closer look if you want exposure to US reshoring in everyday industrial products rather than headline sectors such as autos or steel. The company supplies containers and material handling gear that US manufacturers, food processors and infrastructure projects can source domestically as US Canada tariffs lift the cost of Canadian imports. Recent results show higher revenue with firmer margins and lower net leverage. A long running transformation program aims to sharpen focus on industrial and infrastructure packaging. The flip side is meaningful debt and forecasts that point to revenue pressure in some end markets. That mix of tariff-linked exposure, operational changes and balance sheet risk is an area where deeper research can be useful.

Reshoring tailwinds and leaner leverage make Myers Industries look like a quiet beneficiary of US Canada trade friction, yet the balance sheet still raises questions that the Myers Industries financial health report

Avient (AVNT)

Overview: Avient is a US headquartered materials company that formulates specialty polymers, color concentrates and additives used in autos, appliances, consumer goods and industrial equipment. These products can help US manufacturers rely less on Canadian plastics-based components as tariffs lift cross-border costs. Its products are embedded in high performance uses such as medical devices, food packaging and transportation parts, giving Avient pricing power where performance and reliability are important.

Operations: Avient generates most of its revenue from its Color, Additives and Inks segment at about $2.1b, with a further $1.3b from Specialty Engineered Materials and a small corporate-level loss.

Market Cap: US$4.1b

Avient provides exposure to US reshoring in plastics-intensive sectors including autos, appliances and consumer goods, while also focusing on higher value healthcare and sustainable materials that can support margins over time. Recent results included higher earnings, rising free cash flow guidance and ongoing debt reduction plans. These are notable given that operating cash flow still does not fully support the current debt load and a one-off loss of about $68.9 million affected recent figures. The company also pays a dividend yield of about 2.46% and benefits from local production that limits direct tariff exposure. For investors tracking US Canada trade friction, it is a stock where growth potential and balance sheet risk are both present.

Avient’s reshoring story looks stronger when you line up its specialty materials focus against its debt load and one off loss. The analysis report for Avient could reveal what the earnings and cash flow mix is really telling you

Carrier Global (CARR)

Overview: Carrier Global is a US based provider of heating, air conditioning and refrigeration systems, selling everything from residential heat pumps to large commercial chillers and transport refrigeration that can substitute for imported Canadian HVAC and appliance products. It also offers building automation, energy management and service contracts under brands such as Carrier, Viessmann, Toshiba and Carrier Transicold.

Operations: Carrier Global generates most of its revenue in Climate Solutions Americas at about US$10.5b, followed by Climate Solutions Europe at about US$5.2b, Climate Solutions Asia Pacific, Middle East & Africa at about US$3.4b and Climate Solutions Transportation at about US$3.0b.

Market Cap: US$49.8b

Carrier Global gives you exposure to a large US headquartered HVAC and refrigeration supplier that is leaning into higher value areas such as data center cooling, AI enabled building controls and the Viessmann fueled European heat pump push. Its domestic factories can potentially pick up share if US Canada tariffs make imported HVAC more expensive. Analysts expect stronger earnings over the next few years and management has been active on portfolio clean up and capacity expansion, yet the company still carries meaningful debt and profitability has been under pressure in some regions and segments. For investors watching trade friction, data centers and decarbonization, Carrier Global is a stock where the mix of growth plans, leverage and tariff sensitivity deserves a closer look.

Carrier Global’s push into data centers and smart building systems is getting attention, yet the real story may be how future earnings stack up against its leverage profile. The analyst forecasts for Carrier Global could show whether the current reshoring and decarbonization buzz is masking one crucial twist investors have not fully priced in yet

Seeking Fresh Alternatives Before Others Do

Fresh trade winners can move from quiet to crowded quickly. Spot potential breakouts while they are still under the radar for now, before momentum changes. Consider taking action promptly, based on your own judgment.

• Target resilient compounders that may keep performing while volatility affects weaker companies, using the curated list of list of solid balance sheet and fundamentals (50 results).
• Focus on income ideas that pay you while you wait, with a set of high yield opportunities picked from the 12 dividend fortresses.
• Look for underappreciated stories with potential for rerating, using a curated pool of 18 high quality undiscovered gems.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.