New U.S. tariffs of 10% and 12.5% on imports from major partners like the EU and China keep trade tensions in focus, even as many key products such as oil, gas and major food items remain exempt. For investors, that mix of pressure and protection can shift costs, pricing power and sentiment in uneven ways across the market. This article looks at three stocks whose businesses appear closely tied to these import exemptions and trade terms. It aims to help you think through where tariff exposure might be lower, where it might still matter and how that could influence each stock’s risk profile.

Core Lithium (ASX:CXO)

Overview: Core Lithium is an Australian resources company focused on developing lithium projects and other metal deposits in the Northern Territory and South Australia, targeting minerals such as gold, silver, uranium, lead, zinc, rare earths and base metals.

Market Cap: A$825.4m

Core Lithium sits at the intersection of two themes that matter for U.S. Import-Exempted Industries right now: critical minerals supply and tariff exemptions. As an Australian lithium developer with projects that can supply exempt critical minerals into the U.S., it operates under relatively stable trade terms while many competitors face higher import costs. The company carries meaningful risks, including current losses, past shareholder dilution and execution uncertainty around restarting operations and improving processing efficiency. It also holds cash with no debt, has drilled into additional lithium and gold potential, and plans to spin out non-core exploration into Axiant Resources, which could sharpen its focus. Investors considering this stock may wish to pay particular attention to these trade, financial and operational dynamics when conducting their own research.

Core Lithium’s stalled operations, clean balance sheet and tariff friendly positioning could be masking a sharper turning point than the market appreciates. It may be worth reading the 1 key reward and 2 important warning signs (2 are major!)

Avino Silver & Gold Mines (TSX:ASM)

Overview: Avino Silver & Gold Mines is a Vancouver based precious metals company that acquires, explores and advances silver, gold, copper and base metal projects in Mexico, anchored by its 100% owned Avino Mine complex in Durango.

Operations: Avino Silver & Gold Mines generates US$112.8m in revenue from metals and mining activities focused on gold and other precious metals, all originating from operations in Mexico.

Market Cap: CA$1.50b

Avino Silver & Gold Mines stands out in the U.S. Import Exempted Industries context because its silver and critical mineral output can move into the U.S. under tariff friendly terms, supporting pricing power when many peers face higher import costs. The business combines forecast double digit earnings and revenue growth with a 32.7% net margin, but the P/E of 26.1x, high reliance on external borrowing, dilution and recent insider selling mean investors are paying for that growth with added risk. Recent results show both strong year on year earnings and some pressure on production volumes, so anyone looking at the stock may want to understand how Avino plans to balance capital spending, debt and production scale under this new tariff regime.

Avino Silver & Gold Mines looks like growth at a price, with solid margins and tariff friendly access to the U.S. that many miss. Before you decide what the P/E of 26.1x is really signaling, read the 3 key rewards and 3 important warning signs (1 is major!)

TAT Technologies (TATT)

Overview: TAT Technologies provides maintenance, repair and overhaul services and manufactures heat transfer systems and other components for commercial and military aircraft, supporting airlines, cargo carriers and defense customers worldwide.

Operations: TAT Technologies generates most of its revenue from MRO Services for Aviation Components at US$83.8m, followed by MRO Services for Heat Transfer Components and OEM of Heat Transfer Solutions at US$43.1m, OEM of Heat Transfer Solutions and Aviation Accessories at US$42.1m, and Overhaul and Coating of Jet Engine Components at US$9.5m, with a small offset from inter company eliminations of US$1.4m.

Market Cap: US$538.2m

TAT Technologies sits in a favorable position under the new U.S. tariff regime, because aircraft parts are exempt and the company already generates substantial revenue from the United States. As a result, its MRO and heat transfer businesses avoid extra import costs that could affect less protected suppliers. A record backlog of about US$580m, fresh multi year MRO contracts and an exclusive global distribution deal for key Honeywell APU platforms provide revenue visibility and support an ongoing margin improvement story. At the same time, reliance on cyclical MRO demand, supply chain constraints and a balance sheet funded entirely with external borrowing mean the growth case involves meaningful risks, which is one reason some investors are watching TAT Technologies closely at present.

TAT Technologies looks like an overlooked aircraft supplier with a record US$580m backlog and fresh multi year deals that could reshape its earnings profile. Before assuming the story is straightforward, scan the analyst forecasts for TAT Technologies

The three stocks covered here are only a starting point. The full U.S. Import-Exempted Industries screen uncovers 29 more companies with similarly compelling tariff exposure stories, balance sheets and business models that could be worth a closer look via the U.S. Import-Exempted Industries screener. Use Simply Wall St to identify and analyze the specific catalysts, risk flags and narratives that matter to you 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.