China ties U.S. farm import increase to reciprocal tariff cuts
Published . Updated .
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This report is about grains and farm goods and tariffs and trade. Names like DE and CAT typically come under pressure because deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
Directly affected
- No company is named in this report.
Indirectly affected
- 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.
- WEAT Teucrium Wheat Fund-4.5% 13d
Teucrium Wheat Fund: it follows farm commodity prices. Linked by “farm” (grains and farm goods) in this story.
- 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.
- 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 |
|---|---|---|---|---|---|---|---|
| DBA | +2.72% | +1.34% | base | after close | after close | after close | after close |
| WEAT | +0.41% | +0.86% | base | after close | after close | after close | after close |
| XLI | +0.40% | +0.18% | 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 U.S. farm import increase to reciprocal tariff cuts Traders Union
Source: Traders Union
Price since this story was published: Ishares China Large-Cap Etf (FXI)
| 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 |
| Teucrium Commodity Trust (WEAT) | three days earlier | +0.86% | final price |
| Teucrium Commodity Trust (WEAT) | five days earlier | +0.41% | 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 gains and who loses around Ishares China Large-Cap Etf (FXI)
The side that tends to be hurt
- CAT Caterpillar
For “China ties U.S. farm import increase 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 U.S. farm import increase 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
- DE Deere
In “China ties U.S. farm import increase 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
No up or down call on file
- 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 ties U.S. farm import increase to reciprocal tariff cuts.” Reason on file: iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”)
- DBA Invesco Db Agriculture Fund
In “China ties U.S. farm import increase 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
Teucrium Commodity Trust (WEAT) is linked, with no stored direction, medium confidence in the 5 Nov 2026 story “China ties U.S. farm import increase to reciprocal tariff cuts.” 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
For “China ties U.S. farm import increase 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
Ishares China Large-Cap Etf (FXI)
“China ties U.S. farm import increase to reciprocal tariff cuts” (5 Nov 2026) reaches Ishares China Large-Cap Etf (FXI) through this story.
The link for Ishares China Large-Cap Etf (FXI) is this: iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”)
Invesco Db Agriculture Fund (DBA) is here too. Its reason reads: Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “farm” (grains and farm goods) in this story
Dates in the story, and the Ishares China Large-Cap Etf (FXI) price range
DBA traded between 26.80 and 28.86 across 20 sessions. The latest close on file is 26.80. FXI traded between 32.14 and 34.36 across 20 sessions. The latest close on file is 33.21. WEAT traded between 24.46 and 26.21 across 10 sessions. The latest close on file is 25.07.
A simple score for Ishares China Large-Cap Etf (FXI)
46 out of 100
“China ties U.S. farm import increase to reciprocal tariff cuts” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.