Archive · 8 Dec 2025
Stockmarkets Unimpressed by Firms Investing in Trump's America
Some companies like Stellantis, Merck, and Barry Callebaut have announced big investments in America after Donald Trump won the election.
The White House is happy about this, but the stock market isn't.
Most of these companies' share prices didn't go up after they announced their plans.
In fact, many of them have lost value since the election.
This might be because of problems like tariffs, weak demand in other countries, or just general uncertainty.
So even though these companies are spending money in America, their investors aren't necessarily happy about it.
Stellantis, Merck, and Barry Callebaut announced investments in America post-Trump election.
White House celebrates these investments as signs of reshoring American industry.
Share prices of listed companies featured in White House press release mostly did not increase post-announcement.
15 of 20 companies underperformed their national equity market since Trump's election victory.
Companies face idiosyncratic problems and potential fear-driven investment decisions.
- Who
- Stellantis, Merck, Barry Callebaut, and other companies listed by the White House
- What
- Investments in America and their impact on share prices
- When
- Since Donald Trump's return to power and election victory
- Where
- United States, specifically Detroit, Illinois, North Carolina
- Why
- To escape tariffs, win presidential goodwill, and adapt to a disruptive environment
- Companies
- Stellantis, Merck, Barry Callebaut
- Investments
- Detroit plant, North Carolina vaccine plant, American plant expansion
- Share Price Impact
- Only 11 out of 20 companies saw share price increase post-announcement
- Performance Since Election
- 15 companies underperformed national equity market, average drop of 12%
- Specific Company Issues
- Barry Callebaut: Cocoa price volatility, Merck: Weak China demand, Stellantis: CEO departure
- Commonality
- Over 20% share price slump since election day for Stellantis, Merck, Barry Callebaut