Geopolitics Alpha

China, Canada Extend Tariff Exemptions for Two More Years

Published . Updated .

Key takeaways

  • Exposed: XLI, XRT, KWEB, SMH, EWC
  • Market reaction: price tracking starts with the next trading session.

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GEOPOLITICS ALPHAChina, Canada Extend TariffExemptions for Two More YearsGEOPOLITICS ALPHA

This report is about tariffs and trade and Chinese tech.

Directly affected

  • No company is named in this report.

Indirectly affected

  • XLI Industrial Select Sector SPDR-0.3% 30d

    Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • XRT SPDR S&P Retail ETF

    SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • KWEB KraneShares CSI China Internet ETF-5.2% 30d

    KraneShares CSI China Internet ETF: it holds Chinese internet companies. Linked by “china” (Chinese tech) in this story.

  • SMH VanEck Semiconductor ETF-16.4% 30d

    VanEck Semiconductor ETF: it holds chipmakers. Linked by “china” (semiconductors) in this story.

  • EWC iShares MSCI Canada ETF+0.9% 30d

    iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).

  • FXI iShares China Large-Cap ETF-5.1% 30d

    iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).

  • BABA Alibaba Group Holding-7.6% 14d

    Alibaba Group Holding (business services, with business in China): Chinese tech names move with Beijing policy and US-China relations. Linked by “china” (Chinese tech) in this story.

  • CAT Caterpillar-23.2% 30d

    Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XLI+0.40%+0.18%baseafter closeafter closeafter closeafter close
XRT-5.03%-3.40%baseafter closeafter closeafter closeafter close
KWEB-6.25%-3.97%baseafter closeafter closeafter closeafter close
SMH+11.33%+0.71%baseafter closeafter closeafter closeafter close
EWC-0.45%-1.59%baseafter closeafter closeafter closeafter close
FXI-5.46%-3.99%baseafter closeafter closeafter closeafter close
BABA-5.52%-3.63%baseafter closeafter closeafter closeafter close
CAT+9.45%+3.80%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

China, Canada Extend Tariff Exemptions for Two More Years Seoul Economic Daily

Source: Seoul Economic Daily

Price since this story was published: Select Sector Spdr Tr (XLI)

CompanyWhenMoveStatus
Alibaba Group Holding (BABA)three days earlier-3.63%final price
Alibaba Group Holding (BABA)five days earlier-5.52%final price
Caterpillar (CAT)three days earlier+3.80%final price
Caterpillar (CAT)five days earlier+9.45%final price
Ishares Msci Canada Etf (EWC)three days earlier-1.59%final price
Ishares Msci Canada Etf (EWC)five days earlier-0.45%final price
Ishares China Large-Cap Etf (FXI)three days earlier-3.99%final price
Ishares China Large-Cap Etf (FXI)five days earlier-5.46%final price
Kraneshares Csi China Internet Etf (KWEB)three days earlier-3.97%final price
Kraneshares Csi China Internet Etf (KWEB)five days earlier-6.25%final price
Vaneck Etf Trust (SMH)three days earlier+0.71%final price
Vaneck Etf Trust (SMH)five days earlier+11.33%final price
Select Sector Spdr Tr (XLI)three days earlier+0.18%final price
Select Sector Spdr Tr (XLI)five days earlier+0.40%final price
Spdr Series Trust (XRT)three days earlier-3.40%final price
Spdr Series Trust (XRT)five days earlier-5.03%final price

Congressional trades in Select Sector Spdr Tr (XLI) around 5 Nov 2026

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Select Sector Spdr Tr (XLI)

Companies carried with this story

  • XLI Select Sector Spdr Tr

    Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “China, Canada Extend Tariff Exemptions for Two More Years.” Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

  • XRT Spdr Series Trust

    For “China, Canada Extend Tariff Exemptions for Two More Years,” Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

  • KWEB Kraneshares Csi China Internet Etf

    For “China, Canada Extend Tariff Exemptions for Two More Years,” Kraneshares Csi China Internet Etf (KWEB) is linked, with no stored direction, medium confidence. Reason on file: KraneShares CSI China Internet ETF: it holds Chinese internet companies. Linked by “china” (Chinese tech) in this story

  • SMH Vaneck Etf Trust

    Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “China, Canada Extend Tariff Exemptions for Two More Years.” Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “china” (semiconductors) in this story

  • EWC Ishares Msci Canada Etf

    For “China, Canada Extend Tariff Exemptions for Two More Years,” Ishares Msci Canada Etf (EWC) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”)

  • FXI Ishares China Large-Cap Etf

    Ishares China Large-Cap Etf (FXI) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “China, Canada Extend Tariff Exemptions for Two More Years.” Reason on file: iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”)

  • BABA Alibaba Group Holding

    Alibaba Group Holding (BABA) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “China, Canada Extend Tariff Exemptions for Two More Years.” Reason on file: Alibaba Group Holding (business services, with business in China): Chinese tech names move with Beijing policy and US-China relations. Linked by “china” (Chinese tech) in this story

  • CAT Caterpillar

    For “China, Canada Extend Tariff Exemptions for Two More Years,” Caterpillar (CAT) is linked, with no stored direction, medium confidence. Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

How “China, Canada Extend Tariff Exemptions for Two More Years” reaches Select Sector Spdr Tr (XLI)

The 5 Nov 2026 story “China, Canada Extend Tariff Exemptions for Two More Years” names Select Sector Spdr Tr (XLI) because of this story.

For Select Sector Spdr Tr (XLI), the reason on file says Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

Spdr Series Trust (XRT) is here too. Its reason reads: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

Price levels for Select Sector Spdr Tr (XLI)

KWEB traded between 22.90 and 25.02 across 20 sessions. The latest close on file is 23.13. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.

A simple score for Select Sector Spdr Tr (XLI)

46 out of 100

“China, Canada Extend Tariff Exemptions for Two More Years” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.