Fact Sheet: President Donald J. Trump Further Modifies Canadian Products Subject to Tariffs Under Section 338
Published . Updated .
FURTHER COUNTERING CANADA’S DISCRIMINATIORY TREATMENT OF AMERICAN EXPORTS: Today, to continue addressing Canada’s discriminatory treatment of U.S. commerce, President Donald J. Trump signed a Proclamation pursuant to Section 338 of the Tariff Act of 1930 to further refine the scope of the tariffs on certain Canadian products previously announced on July 20, 2026 and modified on September 8, 2026. DEFENDING THE INTERESTS […] The post Fact Sheet: President Donald J. Trump Further Modifies Canadian Products Subject to Tariffs Under Section 338 appeared first on The White House .
Directly affected
- No company is named in this report.
Indirectly affected
- XLE Energy Select Sector SPDR+3.8%
Energy prices move when sanctioned supply is blocked
- USO United States Oil Fund+4.9%
This fund moves with oil prices
- XOM Exxon Mobil+7.9%
Oil producers move when sanctioned barrels leave the market
- CVX Chevron+5.9%
Oil producers move when sanctioned barrels leave the market
- AAPL Apple+4.8%
Sales and supply chains are exposed to a new tariff
- NKE Nike+3.3%
Sales and supply chains are exposed to a new tariff
- SLB SLB-7.0%
Oilfield work in sanctioned regions can be cut off
- GLD SPDR Gold Shares-3.3%
Gold is a usual haven when a conflict or sanction escalates
- LMT Lockheed Martin+11.5%
Defense contractors get more work when conflict spending rises
- SPY SPDR S&P 500+0.4%
The broad market moves when a major sanction lands
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLE | +0.97% | +0.55% | base | +2.56% | after close | after close | after close |
| USO | -0.46% | -1.11% | base | +4.31% | after close | after close | after close |
| XOM | +0.46% | -0.17% | base | +2.81% | after close | after close | after close |
| CVX | -0.70% | -0.41% | base | +3.00% | after close | after close | after close |
| AAPL | -1.42% | -2.49% | base | -0.16% | after close | after close | after close |
| NKE | -3.09% | -1.10% | base | -2.57% | after close | after close | after close |
| SLB | -0.14% | +0.83% | base | +6.84% | after close | after close | after close |
| GLD | +3.51% | +2.33% | base | -0.70% | after close | after close | after close |
| LMT | -6.43% | -7.02% | base | +2.63% | after close | after close | after close |
| SPY | -0.09% | +0.66% | base | -0.48% | 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.
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FURTHER COUNTERING CANADA’S DISCRIMINATIORY TREATMENT OF AMERICAN EXPORTS: Today, to continue addressing Canada’s discriminatory treatment of U.S. commerce, President Donald J. Trump signed a Proclamation pursuant to Section 338 of the Tar…
Source: The White House
This story
| Company | When | Move | Status |
|---|---|---|---|
| AAPL | that day | -0.16% | final price |
| AAPL | three days earlier | -2.49% | final price |
| AAPL | five days earlier | -1.42% | final price |
| CVX | that day | +3.00% | final price |
| CVX | three days earlier | -0.41% | final price |
| CVX | five days earlier | -0.70% | final price |
| GLD | that day | -0.70% | final price |
| GLD | three days earlier | +2.33% | final price |
| GLD | five days earlier | +3.51% | final price |
| LMT | that day | +2.63% | final price |
| LMT | three days earlier | -7.02% | final price |
| LMT | five days earlier | -6.43% | final price |
| NKE | that day | -2.57% | final price |
| NKE | three days earlier | -1.10% | final price |
| NKE | five days earlier | -3.09% | final price |
| SLB | that day | +6.84% | final price |
| SLB | three days earlier | +0.83% | final price |
| SLB | five days earlier | -0.14% | final price |
| SPY | that day | -0.48% | final price |
| SPY | three days earlier | +0.66% | final price |
| SPY | five days earlier | -0.09% | final price |
| USO | that day | +4.31% | final price |
| USO | three days earlier | -1.11% | final price |
| USO | five days earlier | -0.46% | final price |
| XLE | that day | +2.56% | final price |
| XLE | three days earlier | +0.55% | final price |
| XLE | five days earlier | +0.97% | final price |
| XOM | that day | +2.81% | final price |
| XOM | three days earlier | -0.17% | final price |
| XOM | five days earlier | +0.46% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 53 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 84 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 30 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 51 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Chevron (CVX), worth $15,001 - $50,000 on 31 Jul 2026. That is 84 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Pete Sessions sold Apple (AAPL) (held by a spouse), worth $100,001 - $250,000 on 22 Sep 2026. That is 31 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Cleo Fields bought Apple (AAPL), worth $1,001 - $15,000 on 8 Sep 2026. That is 45 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Kevin Hern sold Apple (AAPL) (held by a dependent child), worth $1,001 - $15,000 on 8 Sep 2026. That is 45 days before publication. Filed 25 Sep 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 56 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 57 days before publication. Filed 10 Sep 2026. View the filing.
- Rep. Kevin Hern sold Nike (NKE), worth $1,001 - $15,000 on 13 Aug 2026. That is 71 days before publication. Filed 1 Sep 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 30 days before publication. Filed 13 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).
This story
12 out of 100
“Fact Sheet: President Donald J. Trump Further Modifies Canadian Products Subject to Tariffs Under Section 338” scores 12 out of 100. The score uses 1 sources.