Geopolitics Alpha

No industry is spared from costly US tariff regime

Published . Updated .

The volume of companies’ duty payments to the federal government remains far above the pre-2025 norm, the JPMorganChase Institute found.

Directly affected

  • No company is named in this report.

Indirectly affected

  • XLE Energy Select Sector SPDR

    Energy prices move when sanctioned supply is blocked

  • USO United States Oil Fund

    This fund moves with oil prices

  • XOM Exxon Mobil

    Oil producers move when sanctioned barrels leave the market

  • CVX Chevron

    Oil producers move when sanctioned barrels leave the market

  • AAPL Apple

    Sales and supply chains are exposed to a new tariff

  • NKE Nike

    Sales and supply chains are exposed to a new tariff

  • SLB SLB

    Oilfield work in sanctioned regions can be cut off

  • GLD SPDR Gold Shares

    Gold is a usual haven when a conflict or sanction escalates

  • LMT Lockheed Martin

    Defense contractors get more work when conflict spending rises

  • SPY SPDR S&P 500

    The broad market moves when a major sanction lands

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XLE———————
USO———————
XOM———————
CVX———————
AAPL———————
NKE———————
SLB———————
GLD———————
LMT———————
SPY———————

The volume of companies’ duty payments to the federal government remains far above the pre-2025 norm, the JPMorganChase Institute found.

Source: Supply Chain Dive

Price since this story was published: Fidelity Crypto Industry And Digital Payments Etf (FDIG)

Since the first closing price after “No industry is spared from costly US tariff regime,” Fidelity Crypto Industry And Digital Payments Etf (FDIG) is -14.54%. The S&P 500 fund (SPY) is +0.77% over the same days, a -15.31% difference versus the market.

FDIG
SPY

Who is named in “No industry is spared from costly US tariff regime”

Companies tied to this story

  • FDIG Fidelity Crypto Industry And Digital Payments Etf

    In “No industry is spared from costly US tariff regime,” Fidelity Crypto Industry And Digital Payments Etf (FDIG) is linked, with no stored direction, medium confidence. Reason on file: GA selected FDIG as a RELATED security because its canonical security name directly matches this event's themes: industry. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • INRO Ishares U.S. Industry Rotation Active Etf

    In “No industry is spared from costly US tariff regime,” Ishares U.S. Industry Rotation Active Etf (INRO) is linked, with no stored direction, medium confidence. Reason on file: GA selected INRO as a RELATED security because its canonical security name directly matches this event's themes: industry. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

How “No industry is spared from costly US tariff regime” reaches Fidelity Crypto Industry And Digital Payments Etf (FDIG)

Fidelity Crypto Industry And Digital Payments Etf (FDIG) is the company in “No industry is spared from costly US tariff regime,” the 12 Sep 2026 this story story.

Fidelity Crypto Industry And Digital Payments Etf (FDIG) is on the page because GA selected FDIG as a RELATED security because its canonical security name directly matches this event's themes: industry. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Also listed, Ishares U.S. Industry Rotation Active Etf (INRO): GA selected INRO as a RELATED security because its canonical security name directly matches this event's themes: industry. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Price levels for Fidelity Crypto Industry And Digital Payments Etf (FDIG)

FDIG traded between 35.88 and 47.26 across 20 sessions. The latest close on file is 36.02. INRO traded between 36.42 and 37.74 across 20 sessions. The latest close on file is 36.68.

What the saved facts support for Fidelity Crypto Industry And Digital Payments Etf (FDIG)

21 out of 100

“No industry is spared from costly US tariff regime” scores 21 out of 100. The score uses 1 sources, and 2 linked companies.