On 2 April 2025, investors watched as the Trump administration unleashed its sweeping “Liberation Day” tariffs on nearly all countries, triggering a sharp global market selloff.
More recently, investors watched again as the administration invoked fresh tariffs even after the US Supreme Court struck down many existing ones.
With these developments, the trend is clear – tariff threats remain a central theme of this administration’s trade strategy.
Here are three names that might provide some relief to investors’ portfolios.
Palantir Technologies (NASDAQ: PLTR) – Making Western Democracy Great Again
Founded in 2003, Palantir offers “battle-proven” software solutions and professional services in government intelligence and defence operations.
Notably, Palantir was reportedly involved in the US government’s efforts to capture Osama Bin Laden.
Crucially, Palantir openly supports “Western liberal democracy”, refusing to work with potential partners aligned with Western adversaries.
The company remains true to upholding US national interests, having recently launched ShipOS with the US Navy to modernise and rebuild American seapower.
In 2025, Palantir’s revenue grew 56% to US$4.5 billion, driving adjusted operating margin up 1,100 basis points to 50% year on year (YoY), achieving an enviable Rule of 40 score of 106%.
To address the US’s energy and other bottlenecks that are limiting AI growth, Palantir introduced Chain Reaction in late-2025, which acts like an OS to deliver software solutions for critical AI infrastructural actors.
Overall, Palantir’s inventory-light, software-based business, and operational alignment with Western liberal democracies, make it an unlikely target of national security distrust through tariffs.
Waste Management (NYSE: WM): Monopoly of Local Essential Services
Waste Management owns or operates the largest network of landfill sites in North America. It currently has 257 sites.
Together with its 342 transfer stations, Waste Management’s business is perceived to be “unreplicable” in the solid waste industry.
Indeed, the significant capital requirements and stringent regulatory hurdles create massive barriers to entry for new aspiring players.
Moreover, given the essential and non-discretionary nature of its offering, demand is expected to be stable, making its business defensive for investors.
Waste Management’s revenue increased 14.2% in 2025 to US$25.2 billion, with adjusted operating EBITDA surging 15.5% to US$7.6 billion, supported by the pricing power exerted from the company’s unreplicable solid waste business and meaningful efficiencies from technology and automation.
82.1% of the company’s revenue comes from its traditional solid waste business in the locally-operated waste industry, shielding this business from tariff headwinds.
This said, tariff headwinds could adversely impact its recycling business by reducing demand for its exported recycled materials.
The good news is recycling made up just 5.9% of the company’s total revenue in 2025.
The overwhelming revenue share from Waste Management’s essential, stable, and locally operated solid waste business significantly mitigates any overall tariff impact, making the company a tariff-resistant business.
Constellation Energy (NASDAQ: CEG): Powering the Domestic AI
Constellation’s long-term nuclear power agreements with AI and data centre leaders such as Microsoft (NASDAQ: MSFT) and Meta Platforms (NASDAQ: META) tether its revenue to the domestic AI boom, aside from aligning with the US government’s push to unleash American energy.
With its power-generating assets, including nuclear, being nearly entirely domestic, its revenue is resistant to tariffs.
In 2025, Constellation’s total revenue increased 8.3% to US$25.5 billion, driven by higher revenues from the Mid-Atlantic, Midwest, and ERCOT (Electric Reliability Council of Texas) regions.
Excluding volatile, non-core, or non-cash items, Constellation’s 2025 adjusted (non-GAAP) operating earnings increased 7.6% to US$2.94 billion, primarily due to higher capacity revenues and generation-to-load optimisation.
Federal policies that incentivise the return of manufacturing and supply-chain capacity to the US have increased domestic energy demands, benefiting all energy production companies, including Constellation.
Although the “Prohibiting Russian Uranium Imports Act” restricts Russian-sourced nuclear fuels, those from other international sources, being classified as exempted energy products, are protected from tariffs.
Furthermore, Constellation is actively increasing its nuclear fuel supply by working with the US government to expand its domestic nuclear fuel supply to mitigate supply disruption.
AI requires enormous, reliable power with minimal environmental impact – something nuclear power can provide.
Constellation’s nuclear power within the US domestic market is uniquely aligned with the US’s AI ambitions and its desire to onshore strategic manufacturing capabilities.
Get Smart: Fortify Your Portfolio Against Tariffs
Financially, these three businesses derive their revenue largely from the domestic US market.
Strategically, their businesses align with the US’s economic and national security interests, making them relatively resistant to tariffs.
Although tariffs are beyond our control, we can control what we include in our portfolio.
Investors should consider complementing these businesses in their portfolio to counter the persistent headwinds from tariffs.
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Disclosure: Larry L. owns shares of Palantir.
