Tariffs on 99% of American imports and a lawsuit from 25 states have put global supply chains under a spotlight again. For US domestic manufacturers, this mix of legal risk and trade friction can create both pressure and potential openings as companies reassess how and where they source and produce. This article looks at three US manufacturing stocks from our screener that are closely exposed to the latest tariff news. You will see how each company might be positioned, why the current backdrop could matter for their business models, and what angles to watch before you consider any next steps.

Miller Industries (MLR)

Overview: Miller Industries manufactures towing and recovery equipment, including wreckers, car carriers and transport trailers used by towing operators, auto auctions, dealers, leasing companies and government customers across North America and selected overseas markets.

Operations: Miller Industries generates about US$745.5 million in revenue from auto manufacturer related customers, with around US$586.8 million from North America and US$158.7 million from foreign markets.

Market Cap: US$572.3 million

Miller Industries stands out in the tariff debate because much of its towing and recovery equipment is produced in the US, at a time when many competitors still depend heavily on imported components. That domestic focus, together with efforts to in-source more of its supply chain, could help as tariffs on 99% of imports add cost and complexity for global peers. At the same time, investors need to weigh softer recent earnings, margin pressure and higher US manufacturing costs against expectations for the business and the impact of ongoing buybacks and dividends. The key issue is how those factors interact under the new tariff regime and what that might mean for Miller Industries in the period ahead.

Miller Industries could be quietly gaining leverage as tariffs affect import reliant rivals, yet softer earnings and higher US costs leave key questions open. Get the full context in the analysis report for Miller Industries

Century Aluminum (CENX)

Overview: Century Aluminum produces primary aluminum and alumina, selling both standard grade and higher value products to customers in the United States and Iceland, supported by its own smelters, alumina refining and bauxite mining operations. The company also runs a carbon anode facility in the Netherlands, which feeds into its vertically integrated aluminum production chain.

Operations: Century Aluminum generates about US$2.5b in revenue from primary aluminum, with around US$1.9b from the United States and US$660.4 million from Iceland.

Market Cap: US$4.5b

Century Aluminum is central to the tariff story because it smelts much of its aluminum inside the US, serves domestic manufacturing and construction customers, and sources a large share of inputs locally. In a world where 99% of American imports now face new tariffs and legal challenges, that setup could support pricing and demand for US produced metal, particularly in combination with Section 232 protections and the planned new smelter that management says could double the size of the US industry. Investors still need to weigh high reliance on policy support, energy and raw material costs, and a balance sheet funded entirely by external borrowing. Even so, these trade actions and the Mt. Holly expansion keep Century Aluminum firmly on the radar for anyone tracking US domestic manufacturing stocks.

Century Aluminum appears to be a US tariff beneficiary on paper, yet its fully debt funded balance sheet and policy exposure suggest there is more beneath the surface. See how the 4 key rewards and 1 important major warning sign could reshape the story.

VSE (VSEC)

Overview: VSE Corporation supplies aviation aftermarket parts and provides maintenance, repair and overhaul services for commercial and government aircraft, serving airlines, cargo operators, MRO providers, manufacturers and private aviation customers worldwide.

Operations: VSE generates about US$1.18b in revenue from its Aviation segment.

Market Cap: US$5.8b

VSE sits at the heart of US aviation aftermarket activity, which can be especially relevant as tariffs and legal uncertainty push more value into domestic supply chains. The company is growing around a focused aviation model, with acquisitions like Precision Aviation Group and new OEM partnerships aiming to build scale, proprietary repair capabilities and recurring service revenue. At the same time, high leverage from a US$900 million term loan, heavier reliance on legacy engines and ongoing shareholder dilution mean execution risk is significant. The investment case therefore depends on how effectively VSE integrates recent deals, manages debt and sustains margins, alongside broader factors such as tariff policy, fleet trends and demand for aftermarket services, rather than on the headline P/E alone.

VSE’s aviation push appears to be accelerating, but heavy leverage and acquisitions leave plenty under the surface. Get the full story in the analysis report for VSE

The three US domestic manufacturing stocks in this article are just a starting point. The full US Domestic Manufacturing Stocks screener reveals 23 more companies that feature equally compelling narratives around tariffs, supply chains and financial strength, all accessible through the US Domestic Manufacturing Stocks screener. Use Simply Wall St to identify and analyze the specific catalysts and narratives that matter to you so you can focus on the highest conviction opportunities 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.