Geopolitics Alpha

Hemp Imports Would Face New Tariffs And Testing Requirements Under Congressional Bill

Published . Updated .

Hemp Imports Would Face New Tariffs And Testing Requirements Under Congressional Bill

A Democratic congresswoman has filed a new bill that would impose a substantial tariff on hemp products being imported into the U.S. from China while also adding new testing requirements for cannabinoid products coming into the country. The Protecting American Hemp Farmers Act

Directly affected

  • No company is named in this report.

Indirectly affected

  • XLI Industrial Select Sector SPDR+0.2% 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-3.5% 30d

    Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “farmers” (grains and farm goods) in this story.

  • FXI iShares China Large-Cap ETF-4.7% 30d

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

  • CAT Caterpillar-20.0% 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.

  • DE Deere-2.4% 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.

  • NKE Nike+8.1% 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.

  • AAPL Apple+3.9% 30d

    Apple (electronic computers): 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
XLINo price data for this ticker———————
XRTNo price data for this ticker———————
DBANo price data for this ticker———————
FXINo price data for this ticker———————
CATNo price data for this ticker———————
DENo price data for this ticker———————
NKE-2.86%-2.26%base+1.29%after closeafter closeafter close
AAPL-0.37%-0.54%base-0.14%after 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.

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Hemp Imports Would Face New Tariffs And Testing Requirements Under Congressional Bill Marijuana Moment

Source: Marijuana Moment

This story

CompanyWhenMoveStatus
AAPLthat day-0.14%still updating
AAPLthree days earlier-0.54%final price
AAPLfive days earlier-0.37%final price
NKEthat day+1.29%still updating
NKEthree days earlier-2.26%final price
NKEfive days earlier-2.86%final price

Trades by members of Congress and officials in the stocks in this story

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 100Price not final

“Hemp Imports Would Face New Tariffs And Testing Requirements Under Congressional Bill” scores 12 out of 100. The score uses 1 sources. The price is not final yet.