Europe's alternative to Trump's China trade war

Published 13 Oct 2026, 17:56 UTC. Updated 13 Oct 2026, 19:51 UTC.

Europe's alternative to Trump's China trade war Axios

Directly affected

No company is named in this report.

Indirectly affected

LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
RTX RTX
Defense contractors get more work when conflict spending rises
NOC Northrop Grumman
Defense contractors get more work when conflict spending rises
GD General Dynamics
Defense contractors get more work when conflict spending rises
AAPL Apple
Sales and supply chains are exposed to a new tariff
NKE Nike
Sales and supply chains are exposed to a new tariff
ITA iShares U.S. Aerospace & Defense
A fund of aerospace and defense companies
BA Boeing
Defense and aerospace orders move with conflict spending
LHX L3Harris
Defense contractors get more work when conflict spending rises
HII Huntington Ingalls
Shipyards benefit when naval spending rises

Price reaction, T-5 to T+3

Ticker	T-5	T-3	T-1	T0	T+1	T+2	T+3
LMT	—	—	—	—	—	—	—
RTX	—	—	—	—	—	—	—
NOC	—	—	—	—	—	—	—
GD	-1.12%	-1.56%	—	-0.79%	-0.15%	+0.55%	+2.69%
AAPL	-2.15%	-0.18%	—	+0.08%	+0.58%	+0.25%	+0.69%
NKE	—	—	—	—	—	—	—
ITA	+1.03%	-0.59%	—	-0.98%	-0.89%	+0.37%	+1.47%
BA	+0.18%	-0.93%	—	-1.56%	-2.60%	-0.40%	+0.30%
LHX	—	—	—	—	—	—	—
HII	-0.10%	+0.38%	—	-2.41%	+0.16%	+1.23%	+2.87%

Europe's alternative to Trump's China trade war Axios

Source: Axios

Price since this story was published: Spdr Series Trust (XAR)

Since the first closing price after “Europe's alternative to Trump's China trade war,” Spdr Series Trust (XAR) is +1.18%. The S&P 500 fund (SPY) is -0.40% over the same days, a +1.57% difference versus the market. industrial stocks (XLI) is -0.20%, a +1.38% difference versus that group of stocks.

Company	When	Move	Status
AAPL	that day	+0.08%	final price
AAPL	the next day	+0.58%	final price
AAPL	two days later	+0.25%	final price
AAPL	three days later	+0.69%	final price
AAPL	three days earlier	-0.18%	final price
AAPL	five days earlier	-2.15%	final price
BA	that day	-1.56%	final price
BA	the next day	-2.60%	final price
BA	two days later	-0.40%	final price
BA	three days later	+0.30%	final price
BA	three days earlier	-0.93%	final price
BA	five days earlier	+0.18%	final price
GD	that day	-0.79%	final price
GD	the next day	-0.15%	final price
GD	two days later	+0.55%	final price
GD	three days later	+2.69%	final price
GD	three days earlier	-1.56%	final price
GD	five days earlier	-1.12%	final price
HII	that day	-2.41%	final price
HII	the next day	+0.16%	final price
HII	two days later	+1.23%	final price
HII	three days later	+2.87%	final price
HII	three days earlier	+0.38%	final price
HII	five days earlier	-0.10%	final price
IShares U.S. Aerospace & Defense ETF (ITA)	that day	-0.98%	final price
IShares U.S. Aerospace & Defense ETF (ITA)	the next day	-0.89%	final price
IShares U.S. Aerospace & Defense ETF (ITA)	two days later	+0.37%	final price
IShares U.S. Aerospace & Defense ETF (ITA)	three days later	+1.47%	final price
IShares U.S. Aerospace & Defense ETF (ITA)	three days earlier	-0.59%	final price
IShares U.S. Aerospace & Defense ETF (ITA)	five days earlier	+1.03%	final price

XAR

SPY

XLI

Who gains and who loses around Spdr Series Trust (XAR)

Companies tied to this story

XAR Spdr Series Trust
In “Europe's alternative to Trump's China trade war,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia
ITA IShares U.S. Aerospace & Defense ETF
In “Europe's alternative to Trump's China trade war,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia
FXI Ishares China Large-Cap Etf
In “Europe's alternative to Trump's China trade war,” Ishares China Large-Cap Etf (FXI) is linked, with no stored direction, medium confidence. Reason on file: GA selected FXI as a RELATED security because its canonical security name directly matches this event's themes: china. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
KWEB Kraneshares Csi China Internet Etf
For “Europe's alternative to Trump's China trade war,” Kraneshares Csi China Internet Etf (KWEB) is linked, with no stored direction, medium confidence. Reason on file: GA selected KWEB as a RELATED security because its canonical security name directly matches this event's themes: china. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
MJ Amplify Alternative Harvest Etf
In “Europe's alternative to Trump's China trade war,” Amplify Alternative Harvest Etf (MJ) is linked, with no stored direction, medium confidence. Reason on file: GA selected MJ as a RELATED security because its canonical security name directly matches this event's themes: alternative. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
YANG Direxion Daily Ftse China Bear 3X Etf
For “Europe's alternative to Trump's China trade war,” Direxion Daily Ftse China Bear 3X Etf (YANG) is linked, with no stored direction, medium confidence. Reason on file: GA selected YANG as a RELATED security because its canonical security name directly matches this event's themes: china. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
BBEU J P Morgan Exchange-Traded Fd Tr Betabuilders Europe Etf New
J P Morgan Exchange-Traded Fd Tr Betabuilders Europe Etf New (BBEU) is linked, with no stored direction, medium confidence in the 13 Oct 2026 story “Europe's alternative to Trump's China trade war.” Reason on file: GA selected BBEU as a RELATED security because its canonical security name directly matches this event's themes: europe. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
GLD Spdr Gold Trust
Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence in the 13 Oct 2026 story “Europe's alternative to Trump's China trade war.” Reason on file: Material security escalation can affect safe-haven and macro-risk proxies; this is a monitoring relationship, not a directional prediction

How “Europe's alternative to Trump's China trade war” reaches Spdr Series Trust (XAR)

On 13 Oct 2026, “Europe's alternative to Trump's China trade war” is the story that connects Spdr Series Trust (XAR) to Defense.

What ties Spdr Series Trust (XAR) to the headline is this: Material security escalation can alter defense demand expectations and risk premia

Also listed, IShares U.S. Aerospace & Defense ETF (ITA): Material security escalation can alter defense demand expectations and risk premia

Price levels for Spdr Series Trust (XAR)

FXI traded between 33.08 and 35.28 across 20 sessions. The latest close on file is 33.55. ITA traded between 201.08 and 217.79 across 20 sessions. The latest close on file is 207.60. XAR traded between 216.28 and 245.40 across 20 sessions. The latest close on file is 223.20.

The defense score for Spdr Series Trust (XAR)

46 out of 100

“Europe's alternative to Trump's China trade war” scores 46 out of 100. The score uses 1 sources, and 10 linked companies.