Washington’s potential new 7.5% tariff on Chinese goods, and the risk of a forceful response from Beijing, is reshaping how companies think about factories, freight routes and customs paperwork. Supply chains built on low cost imports now face higher bills and fresh uncertainty, which can create new winners and losers. This article walks through 3 stocks from our North American Nearshoring and Trade-Compliance Enablers screener that appear closely tied to these shifting trade currents.

The 3 stocks below are only a small sample, and the full screen surfaced 35 more companies with equally compelling nearshoring and trade-compliance narratives that are not covered here. To identify and analyze the highest conviction setups from that wider group, head straight into the North American Nearshoring and Trade-Compliance Enablers screener.

Benchmark Electronics (BHE)

Overview: Benchmark Electronics is an electronics manufacturing services company that helps original equipment manufacturers design, build, test, and service complex hardware, with a strong footprint across the Americas that fits directly into the nearshoring and contract manufacturing theme. Its plants support customers from early product design and prototyping through high precision assembly, system integration, and lifecycle services across sectors like advanced computing, aerospace, industrial, medical, and semiconductor equipment.

Operations: Benchmark Electronics generates most of its business revenue in the Americas at about US$1.3b and Asia at about US$1.2b, with Europe contributing about US$358 million and a small amount removed for intersegment eliminations.

Market Cap: US$2.6b

Benchmark Electronics is worth a closer look if you are interested in companies that help manufacturers shift production closer to North America as tariffs on China rise. The company couples nearshoring friendly plants in the US and Mexico with design through manufacturing capabilities in areas like AI hardware, aerospace, and medical devices, which recent contracts and partnerships show in action. At the same time, valuation looks rich against its current 1.9% net margin and there has been recent insider selling, so the bar for execution is high. If nearshoring, AI build outs, and medical or industrial demand keep feeding its funnel, Benchmark Electronics could remain closely watched, but investors need to weigh that potential against margin pressure and funding risk.

Benchmark Electronics sits between nearshoring buzz and thin 1.9% net margins, which makes the real story about execution risk. Get the fuller picture in the 3 key rewards and 1 important warning sign

Jabil (JBL)

Overview: Jabil is one of the largest electronics manufacturing and supply chain partners in the world, handling everything from product design and component engineering through to circuit board assembly, system build, and direct order fulfillment for sectors like healthcare, automotive, cloud data centers, and connected devices. For brands rebalancing away from China toward North America or reconfiguring their factory footprint under higher tariffs, Jabil offers a mix of engineering depth and global factory options that fits squarely with the nearshoring and trade-compliance theme.

Operations: Jabil generates most of its revenue from its Intelligent Infrastructure segment at about US$15.8b, with Regulated Industries contributing about US$12.4b and Connected Living and Digital Commerce about US$5.4b.

Market Cap: US$32.7b

Jabil may be of interest if you want exposure to the nearshoring story at large scale. Its US-domiciled footprint, USMCA-compliant Mexican operations, and broad factory network give customers options as tariffs on Chinese goods change and reciprocal measures evolve. Management has indicated that tariff costs typically pass through to customers and that most China production is local or regional rather than U.S.-bound, which can help protect margins. Demand tied to AI infrastructure and healthcare manufacturing provides another potential growth driver. On the other hand, relatively high leverage and a funding structure built entirely on external borrowing mean the balance sheet carries more financial risk. As a result, the appeal of Jabil’s manufacturing role needs to be weighed against its sensitivity to interest costs and any longer-term slowdown in customer volumes.

Jabil’s nearshoring footprint and tariff pass through model could be masking a bigger story about how resilient its margins really are. Scan the analysis report for Jabil to see the funding twist many investors overlook.

Fabrinet (FN)

Overview: Fabrinet is an electronics manufacturing services company that builds and tests high precision optical and electronic components for original equipment manufacturers, with a focus on data center, telecom, industrial and medical hardware that fits cleanly into the nearshoring and trade-compliance theme. It handles everything from process design and supply chain management to circuit board assembly, packaging and final testing for products like optical modules, lasers, sensors and custom glass components.

Operations: Fabrinet generates essentially all of its business revenue, about US$4.6b, from optical networking equipment that is manufactured and shipped across regions including North America and Asia.

Market Cap: US$15.5b

Fabrinet may be worth attention if you want exposure to the nearshoring story in higher value optical and electronic hardware rather than basic assembly. The company produces complex optical networking equipment and data center interconnect products for large OEM customers, and management has publicly framed tariffs as a possible source of share gains as buyers look beyond China and toward its facilities. At the same time, customer concentration around a few major clients and heavy capital spending for new capacity mean results are sensitive to order patterns and program ramps. For investors, a key consideration is whether Fabrinet’s role in AI and data center build outs can offset those concentration and funding risks as supply chains re-route.

Fabrinet’s role in AI and data center build outs looks powerful, yet customer concentration and heavy spend leave a big question mark. The 3 key rewards and 2 important warning signs (1 is major!) could show where that story really turns.

Seeking Alternatives Beyond Tariff Trades

Fresh ideas can move fast. The stocks catching early breakout momentum today might be flying under the radar for now. Consider researching opportunities thoroughly rather than reacting late.

• Spot income workhorses that keep portfolios topped up by scanning the 12 dividend fortresses.
• Look for potential tech leaders with established profitability by reviewing the curated 74 profitable AI stocks that aren't just burning cash.
• Follow developments in the electrification trend by examining the focused 9 top copper producer stocks.

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.