China ties more US farm imports to reciprocal tariff cuts
Published . Updated .
Covered by 6 outlets: KELO-AM, WTVB, marketscreener.com, StreetInsider, Central Oregon Daily, Reuters.
Who covered it: Center 1 · Not rated 5. How we rate outlets
Key takeaways
- BEIJING, Nov 5 (Reuters) - China has always been open to increasing its purchases of US agricultural products, the Commerce Ministry said on Thursday, but added that the prerequisite is that both sides finalise and implement reciprocal tariff c...
- Exposed: DBA, WEAT, XLI, KWEB, FXI
- Market reaction: price tracking starts with the next trading session.
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BEIJING, Nov 5 (Reuters) - China has always been open to increasing its purchases of US agricultural products, the Commerce Ministry said on Thursday, but added that the prerequisite is that both sides finalise and implement reciprocal tariff c...
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.
- DBA Invesco DB Agriculture Fund-6.1% 30d
Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “farm” (grains and farm goods) 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.
- 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”).
- DE Deere-2.9% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) 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.
- NKE Nike+6.7% 30d
Nike (rubber and plastics footwear): 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
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLI | +0.40% | +0.18% | base | after close | after close | after close | after close |
| XRTNo price data for this ticker | — | — | — | — | — | — | — |
| DBA | +2.72% | +1.34% | base | after close | after close | after close | after close |
| KWEB | -6.25% | -3.97% | base | after close | after close | after close | after close |
| FXI | -5.46% | -3.99% | base | after close | after close | after close | after close |
| DE | -2.37% | -1.28% | base | after close | after close | after close | after close |
| CAT | +9.45% | +3.80% | base | after close | after close | after close | after close |
| NKE | -5.11% | -3.36% | base | after close | after close | after close | after 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 ties more US farm imports to reciprocal tariff cuts KELO-AM
Source: KELO-AM
The price since 5 Nov 2026: Invesco Db Agriculture Fund (DBA) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Caterpillar (CAT) | three days earlier | +3.80% | final price |
| Caterpillar (CAT) | five days earlier | +9.45% | final price |
| Invesco Db Agriculture Fund (DBA) | three days earlier | +1.34% | final price |
| Invesco Db Agriculture Fund (DBA) | five days earlier | +2.72% | final price |
| Deere (DE) | three days earlier | -1.28% | final price |
| Deere (DE) | five days earlier | -2.37% | 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 |
| Nike (NKE) | three days earlier | -3.36% | final price |
| Nike (NKE) | five days earlier | -5.11% | 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 |
Trades by members of Congress and officials in the stocks in this story
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 38 days before publication. Filed 12 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Nike (NKE), worth $15,001 - $50,000 on 28 Aug 2026. That is 69 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Nike (NKE), worth $15,001 - $50,000 on 27 Aug 2026. That is 70 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Nike (NKE), worth $100,001 - $250,000 on 21 Aug 2026. That is 76 days before publication. Filed 8 Oct 2026. View the filing.
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 is named in “China ties more US farm imports to reciprocal tariff cuts”
Likely to feel the cost
- DE Deere
For “China ties more US farm imports to reciprocal tariff cuts,” Deere (DE) tends to be hurt, medium confidence. Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- CAT Caterpillar
In “China ties more US farm imports to reciprocal tariff cuts,” Caterpillar (CAT) tends to be hurt, 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
- NKE Nike
Nike (NKE) tends to be hurt, medium confidence in the 5 Nov 2026 story “China ties more US farm imports to reciprocal tariff cuts.” Reason on file: Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
No up or down call on file
- DBA Invesco Db Agriculture Fund
In “China ties more US farm imports to reciprocal tariff cuts,” Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence. Reason on file: Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “farm” (grains and farm goods) in this story
- WEAT Teucrium Commodity Trust
For “China ties more US farm imports to reciprocal tariff cuts,” Teucrium Commodity Trust (WEAT) is linked, with no stored direction, medium confidence. Reason on file: Teucrium Wheat Fund: it follows farm commodity prices. Linked by “farm” (grains and farm goods) in this story
- XLI Select Sector Spdr Tr
In “China ties more US farm imports to reciprocal tariff cuts,” Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence. 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
- KWEB Kraneshares Csi China Internet Etf
In “China ties more US farm imports to reciprocal tariff cuts,” 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
How “China ties more US farm imports to reciprocal tariff cuts” reaches Invesco Db Agriculture Fund (DBA)
The 5 Nov 2026 story “China ties more US farm imports to reciprocal tariff cuts” names Invesco Db Agriculture Fund (DBA) because of this story.
Invesco Db Agriculture Fund (DBA) is on the page because Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “farm” (grains and farm goods) in this story
Also listed, Teucrium Commodity Trust (WEAT): Teucrium Wheat Fund: it follows farm commodity prices. Linked by “farm” (grains and farm goods) in this story
Dates in the story, and the Invesco Db Agriculture Fund (DBA) price range
DBA traded between 26.80 and 28.86 across 20 sessions. The latest close on file is 26.80. WEAT traded between 24.46 and 26.21 across 10 sessions. The latest close on file is 25.07. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.
How strong the case is around Invesco Db Agriculture Fund (DBA)
85 out of 100
“China ties more US farm imports to reciprocal tariff cuts” scores 85 out of 100. The score uses 6 sources, and 8 linked companies.