Tariff talk is back on the front page, and this time it centers on new Section 301 proposals that could reshape how money flows into U.S. manufacturing stocks. With fresh 10% and 12.5% tariff ideas aimed at many key trading partners, and some major categories like fuels and electronics excluded, investors are reassessing companies that already lean heavily on domestic production. This article looks at how that backdrop connects to U.S. Domestic Manufacturing stocks and highlights 3 companies from the screener that appear positioned to benefit from these developments.

CNH Industrial (CNH)

Overview: CNH Industrial is a global equipment manufacturer that sells tractors, harvesters, construction machinery and related precision agriculture solutions under brands such as Case IH and New Holland, supported by in house financing that helps farmers and contractors fund new and used equipment purchases.

Operations: CNH Industrial generates most of its revenue from industrial activities, with about US$12.4b from Agriculture, US$2.9b from Construction and US$2.7b from Financial Services, plus a small amount from eliminations and other items.

Market Cap: US$12.9b

CNH Industrial gives you exposure to U.S. centered manufacturing of farm and construction equipment at a time when new Section 301 tariff proposals could make imported machines more expensive and tilt demand toward domestically produced models. Management is already adjusting pricing, working with suppliers on cost sharing and re-sourcing components to improve its cost position under higher tariffs. It is also investing in virtual simulation and connected precision ag tools that support higher margin software and services. The trade off is that current profit margins are thin, debt funding is significant and North American ag demand sits near what management describes as trough levels, so the recovery path matters. What this all adds up to for CNH’s long term earnings potential is where the story gets more interesting.

Tariff pressure, thin margins and trough level North American ag demand could be masking where CNH Industrial’s earnings power eventually settles. It is therefore worth seeing how the 1 key reward and 2 important warning signs (1 is major!)

MasTec (MTZ)

Overview: MasTec is an infrastructure engineering and construction company that designs, builds, installs, and maintains critical communications, power, clean energy, pipeline, and civil infrastructure across the United States and Canada for utilities, telecom providers, energy companies, and government clients.

Operations: MasTec generates most of its revenue from Clean Energy and Infrastructure (US$5.1b), Power Delivery (US$4.3b), Communications (US$3.5b), and Pipeline Infrastructure (US$2.5b), partially offset by eliminations.

Market Cap: US$31.7b

MasTec is notable in U.S. domestic infrastructure because it is directly tied to long term themes such as grid upgrades, data center buildouts, fiber and 5G deployment, and renewable power, while also being relatively insulated from the direct impact of new Section 301 tariffs on imported materials. Recent results indicate strong revenue and earnings momentum, supported by a record backlog and policy support for clean energy and power delivery. At the same time, the company carries high debt and relies heavily on large projects and key customers, which can make results more sensitive if work is delayed or cancelled. The valuation reflects a high P/E multiple and expectations for faster earnings growth than the wider market, so an important consideration for investors is whether MasTec’s execution and margin improvement will continue to support that level of optimism.

MasTec’s high P/E and strong backlog hint that expectations may be racing ahead of the story. It is worth seeing how the 2 key rewards and 2 important warning signs could change your view on what happens next

Intuitive Machines (LUNR)

Overview: Intuitive Machines is a Houston based space infrastructure and services company that designs and operates lunar landers, data networks and mission services for NASA, the U.S. Department of Defense, commercial clients and international partners, supporting cargo delivery, communications and navigation across the Earth Moon system.

Operations: Intuitive Machines generates all of its reported US$334.3m in revenue from Aerospace & Defense activities in the United States.

Market Cap: US$5.0b

Intuitive Machines positions investors at the center of efforts to build a permanent lunar economy, with missions, lunar data networks and NASA contracts that extend beyond one off landings into recurring communications and operations services. Forecasts point to rapid growth in revenue and earnings over the next few years, and Simply Wall St estimates the stock is trading well below its fair value. At the same time, the company is still loss making, highly volatile and dependent on government funding, with recent equity offerings and insider selling adding extra risk. For investors who can tolerate sharp swings and execution risk, the combination of Section 301 tariff support for U.S. advanced manufacturing, a growing backlog of lunar infrastructure work and a premium P/S valuation presents a high risk, high potential story that may warrant closer attention.

Intuitive Machines sits at the crossroads of lunar growth hopes and real execution risk, and the current story may not fully reflect what comes next for revenue and margins, so it is worth reading the analyst forecasts for Intuitive Machines

The three stocks covered here are only a sample of what is on offer. The full U.S. Domestic Manufacturing screen surfaces 44 more companies that meet the same health and future potential criteria and each carry their own compelling narrative, which you can review through the U.S. Domestic Manufacturing screener. Use Simply Wall St to identify and analyze the specific catalysts that matter to you, from reshoring exposure and tariff sensitivity to balance sheet strength and earnings potential, so you can focus on the highest conviction ideas in this theme.

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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.