Retail and Semiconductor Stocks Seen as Key Beneficiaries if Tariffs Are Rejected

Market participants point out that a ruling against tariffs could benefit a wide range of stocks. Retailers with global supply chains, including large US consumer brands, could see improved margins if trade barriers are removed.

Semiconductor stocks are also in focus, as tariffs and export restrictions have been a major headwind for the sector. Reduced trade friction could support renewed upside momentum across chipmakers and technology suppliers.