Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance, World News
Published . Updated .
Key takeaways
- MEXICO CITY — Mexico is working to block steel from China and other countries from being rerouted through Mexico into the US under North America's trade pact, a Mexican official said on Wednesday (Nov 11), as Mexico presses Washington for relief from steel, aluminium and auto
- Exposed: SLX, XLI, AAXJ, EWW, NUE
- Market reaction: XLI −0.6% on the day; DE −1.8% on the day; AAXJ −1.6% on the day
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.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
MEXICO CITY — Mexico is working to block steel from China and other countries from being rerouted through Mexico into the US under North America's trade pact, a Mexican official said on Wednesday (Nov 11), as Mexico presses Washington for relief from steel, aluminium and auto
Directly affected
- No company is named in this report.
Indirectly affected
- SLX VanEck Steel ETF-0.3% 11d
VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story.
- XLI Industrial Select Sector SPDR-0.4% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- PICK iShares MSCI Global Metals & Mining Producers ETF-7.2% 30d
iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “aluminium” (metals & mining) in this story.
- EWW iShares MSCI Mexico ETF+0.8% 6d
iShares MSCI Mexico ETF holds stocks listed in Mexico, which this story is about (“mexico”).
- AAXJ iShares MSCI All Country Asia ex Japan ETF-9.5% 8d
iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asian”).
- CAT Caterpillar-27.2% 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.
- DE Deere+0.7% 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+5.4% 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 |
|---|---|---|---|---|---|---|---|
| SLX | -3.13% | +0.00% | base | — | after close | after close | after close |
| XLI | -4.94% | -1.22% | base | -0.56% | after close | after close | after close |
| PICK | -4.15% | +0.86% | base | -2.09% | after close | after close | after close |
| EWW | -2.12% | -0.23% | base | -0.14% | after close | after close | after close |
| AAXJ | -7.07% | -1.95% | base | -1.60% | after close | after close | after close |
| CAT | -8.01% | -0.49% | base | +0.72% | after close | after close | after close |
| DE | -4.00% | -0.02% | base | -1.79% | after close | after close | after close |
| NKE | +3.21% | +4.04% | base | -1.59% | 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.
Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance, World News AsiaOne.com
Source: asiaone.com
Price since this story was published: Vaneck Etf Trust (SLX)
| Company | When | Move | Status |
|---|---|---|---|
| Ishares Msci Asia Ex-Japan (AAXJ) | that day | -1.60% | final price |
| Ishares Msci Asia Ex-Japan (AAXJ) | three days earlier | -1.95% | final price |
| Ishares Msci Asia Ex-Japan (AAXJ) | five days earlier | -7.07% | final price |
| Caterpillar (CAT) | that day | +0.72% | final price |
| Caterpillar (CAT) | three days earlier | -0.49% | final price |
| Caterpillar (CAT) | five days earlier | -8.01% | final price |
| Deere (DE) | that day | -1.79% | final price |
| Deere (DE) | three days earlier | -0.02% | final price |
| Deere (DE) | five days earlier | -4.00% | final price |
| Ishares (EWW) | that day | -0.14% | final price |
| Ishares (EWW) | three days earlier | -0.23% | final price |
| Ishares (EWW) | five days earlier | -2.12% | final price |
| NKE | that day | -1.59% | final price |
| NKE | three days earlier | +4.04% | final price |
| NKE | five days earlier | +3.21% | final price |
| PICK | that day | -2.09% | final price |
| PICK | three days earlier | +0.86% | final price |
| PICK | five days earlier | -4.15% | final price |
| Vaneck Etf Trust (SLX) | three days earlier | 0.00% | final price |
| Vaneck Etf Trust (SLX) | five days earlier | -3.13% | final price |
| Select Sector Spdr Tr (XLI) | that day | -0.56% | final price |
| Select Sector Spdr Tr (XLI) | three days earlier | -1.22% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | -4.94% | 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 45 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 76 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 77 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 83 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Nucor (NUE) (held by a spouse), worth $50,001 - $100,000 on 25 Aug 2026. That is 79 days before publication. Filed 14 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 Vaneck Etf Trust (SLX)
Companies carried with this story
- SLX Vaneck Etf Trust
For “Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance, World News,” Vaneck Etf Trust (SLX) is linked, with no stored direction, medium confidence. Reason on file: VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story
- XLI Select Sector Spdr Tr
For “Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance, World News,” 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
- AAXJ Ishares Msci Asia Ex-Japan
Ishares Msci Asia Ex-Japan (AAXJ) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance, World News.” Reason on file: iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asian”)
- EWW Ishares
Ishares (EWW) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance, World News.” Reason on file: iShares MSCI Mexico ETF holds stocks listed in Mexico, which this story is about (“mexico”)
- NUE Nucor
Nucor (NUE) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance, World News.” Reason on file: Nucor (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story
- CAT Caterpillar
Caterpillar (CAT) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance, World News.” 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
- STLD Steel Dynamics
Steel Dynamics (STLD) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance, World News.” Reason on file: Steel Dynamics (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story
- DE Deere
Deere (DE) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance, World News.” 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
Vaneck Etf Trust (SLX)
On 12 Nov 2026, “Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance, World News” is the story that connects Vaneck Etf Trust (SLX) to this story.
The link for Vaneck Etf Trust (SLX) is this: VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story
Also listed, Select Sector Spdr Tr (XLI): Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
The price range for Vaneck Etf Trust (SLX), and the dates in the story
AAXJ traded between 106.27 and 119.65 across 6 sessions. The latest close on file is 107.13. SLX traded between 101.26 and 105.17 across 10 sessions. The latest close on file is 103.58. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.
What the saved facts support for Vaneck Etf Trust (SLX)
46 out of 100
“Mexico says crackdown on Asian steel shipments is paying off as US tariff talks advance, World News” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.