Global trade tensions are rising, with new tariffs, export controls, and competing subsidies reshaping how companies source, produce, and sell. For some businesses, this can mean cost pressure and supply chain headaches. For others, it can tilt demand toward production closer to home. This article looks at how that backdrop ties into a Domestic Manufacturing & Onshoring screener that focuses on large US and Canadian stocks with solid financial profiles. You will see three stocks from the screener that appear well exposed to these trade shifts and why investors might want to keep them on the radar.

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China Gold International Resources (TSX:CGG)

Overview: China Gold International Resources is a Vancouver headquartered miner that owns and operates two large projects in China, producing gold and copper plus other base metals, while also running related logistics, transport and financing activities.

Operations: The company generates revenue primarily from mine produced copper concentrate at about US$1.10b and mine produced gold at about US$386.1m.

Market Cap: CA$10.68b

For investors watching how trade tensions are pushing governments and industries to favor local production, China Gold International Resources sits in the middle of that shift, with mining assets concentrated inside China and anchored by long term supply and financial agreements with China National Gold out to 2029. The company combines this home market focus with recent earnings momentum and a P/E below many peers. Simply Wall St’s DCF points to a wide gap between price and estimated fair value. At the same time, reliance on higher risk external borrowing and an uneven dividend history mean you may want to think carefully about funding and income reliability, which is where deeper analysis can be useful.

China Gold International’s home market focus, recent earnings momentum and lower P/E raise the question of what the market might be missing about its cash flows and risks, so it is worth scanning the DCF valuation analysis for China Gold International Resources

USA Rare Earth (USAR)

Overview: USA Rare Earth is a Stillwater, Oklahoma based company working to build a vertically integrated “mine to magnet” supply chain for rare earth and other critical minerals, from its Round Top Mountain project in Texas through to processing and magnet manufacturing that serve aerospace, defense, electric vehicles, data centers, energy and other high tech sectors across the US, Europe and Asia.

Market Cap: US$5.03b

USA Rare Earth sits at the center of rising trade tensions and government efforts to secure domestic supply of critical materials. Up to US$1.6b in CHIPS funding, a planned US$1.2b magnet and metals facility in South Carolina, and a potential US$19.3m DOE backed separations project all point to strong policy support for its mine to magnet plan. At the same time, the company is still loss making, relies entirely on higher risk external funding for its liabilities, and has a relatively inexperienced leadership team, which raises execution and dilution risks as spending ramps. For investors focused on onshoring, rare earth independence and government backed industrial policy, that mix of rapid build out potential and meaningful downside risk makes this a stock to watch closely.

USA Rare Earth’s mine to magnet plan sits at the crossroads of policy support and execution risk, and the real story is detailed in the 3 key rewards and 2 important warning signs (1 is major!)

Discovery Silver (TSX:DSV)

Overview: Discovery Silver is a Toronto based precious metals company that now produces gold from its Porcupine Operations in Timmins, Ontario, while also owning 100% of the large Cordero silver project in Chihuahua, Mexico. This provides both current cash flow and long term silver exposure.

Market Cap: CA$6.59b

Discovery Silver is positioned at the intersection of North American onshoring and precious metals, with producing gold assets in Canada and a large silver project in Mexico that benefits from regional manufacturing ties. It has reported recent profitability supported by a high ROE of 29.4%. The Kidd acquisition is intended to support a push toward higher Timmins gold output, while Cordero offers scale if silver demand strengthens. Both initiatives require substantial spending and careful execution from a relatively new management team. The stock trades well below one estimate of fair value and some analysts view the shares positively, but high non cash earnings and reliance on external funding mean the quality of future cash flow may be more important than recent results.

High ROE and a large silver project, paired with a stock trading well below one estimate of fair value, suggests the market might be missing something about Discovery Silver. This is unpacked in the analysis report for Discovery Silver

The stocks covered here are just a sample, and the full Domestic Manufacturing & Onshoring screen has surfaced 16 more US and Canadian companies with similarly compelling financial profiles and onshoring narratives through the Domestic Manufacturing & Onshoring screener. Use Simply Wall St to identify, filter and analyze the specific catalysts, financial quality and themes that matter most so you can focus on the highest conviction ideas in this space.

Take Control of Your Investment Journey

If China Gold International Resources or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

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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.