Geopolitics Alpha

New Zealand secures 25% tariff on 35,000 tons of apples to India

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New Zealand secures 25% tariff on 35,000 tons of apples to India

New Zealand apple exporters will benefit from a reduced import tariff of 25 per cent on shipments to India under a free trade agreement that entered into force on 20 October 2026. The…

Directly affected

  • No company is named in this report.

Indirectly affected

  • XLI Industrial Select Sector SPDR-1.5% 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.

  • INDA iShares MSCI India ETF-5.0% 30d

    iShares MSCI India ETF holds stocks listed in India, which this story is about (“india”).

  • CAT Caterpillar-23.7% 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.

  • AAPL Apple+1.4% 30d

    Apple (electronic computers): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • DE Deere-0.9% 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.

  • WMT Walmart+14.9% 30d

    Walmart (variety stores): 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
XLI-0.27%+0.65%baseafter closeafter closeafter closeafter close
XRTNo price data for this ticker———————
INDANo price data for this ticker———————
CAT+11.08%+14.72%baseafter closeafter closeafter closeafter close
AAPL-0.24%-0.21%baseafter closeafter closeafter closeafter close
DENo price data for this ticker———————
WMTNo price data for this ticker———————

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.

New Zealand secures 25% tariff on 35,000 tons of apples to India FreshPlaza

Source: FreshPlaza

Select Sector Spdr Tr (XLI) since this story, compared with the market

CompanyWhenMoveStatus
AAPLthree days earlier-0.21%final price
AAPLfive days earlier-0.24%final price
Caterpillar (CAT)three days earlier+14.72%final price
Caterpillar (CAT)five days earlier+11.08%final price
Select Sector Spdr Tr (XLI)three days earlier+0.65%final price
Select Sector Spdr Tr (XLI)five days earlier-0.27%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).

Who gains and who loses around Select Sector Spdr Tr (XLI)

Companies mentioned with this story

  • XLI Select Sector Spdr Tr

    Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “New Zealand secures 25% tariff on 35,000 tons of apples to India.” 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

  • XRT Spdr Series Trust

    For “New Zealand secures 25% tariff on 35,000 tons of apples to India,” Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

  • INDA Ishares Tr

    For “New Zealand secures 25% tariff on 35,000 tons of apples to India,” Ishares Tr (INDA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI India ETF holds stocks listed in India, which this story is about (“india”)

  • CAT Caterpillar

    For “New Zealand secures 25% tariff on 35,000 tons of apples to India,” Caterpillar (CAT) is linked, with no stored direction, 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

  • DE Deere

    In “New Zealand secures 25% tariff on 35,000 tons of apples to India,” Deere (DE) is linked, with no stored direction, 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

  • WMT Walmart

    Walmart (WMT) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “New Zealand secures 25% tariff on 35,000 tons of apples to India.” Reason on file: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • NKE Nike

    In “New Zealand secures 25% tariff on 35,000 tons of apples to India,” Nike (NKE) is linked, with no stored direction, medium confidence. 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

Select Sector Spdr Tr (XLI)

The 2 Nov 2026 story “New Zealand secures 25% tariff on 35,000 tons of apples to India” names Select Sector Spdr Tr (XLI) because of this story.

The link for Select Sector Spdr Tr (XLI) is this: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

A second company, Spdr Series Trust (XRT), is listed for a different reason: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

Dates in the story, and the Select Sector Spdr Tr (XLI) price range

INDA traded between 45.35 and 48.53 across 15 sessions. The latest close on file is 46.04. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 167.42.

How strong the case is around Select Sector Spdr Tr (XLI)

46 out of 100

“New Zealand secures 25% tariff on 35,000 tons of apples to India” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.