The Economic Pain of War & Tariff Wars Is Hitting Home
Published . Updated .
This report is about defense and tariffs and trade.
Directly affected
- No company is named in this report.
Indirectly affected
- ITA iShares U.S. Aerospace & Defense ETF-6.7% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- XAR SPDR S&P Aerospace & Defense ETF-10.2% 30d
SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- XLI Industrial Select Sector SPDR-3.1% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- CAT Caterpillar-12.3% 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-5.1% 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+9.9% 30d
Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- NKE Nike+0.7% 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 |
|---|---|---|---|---|---|---|---|
| ITA | -0.49% | -1.27% | base | after close | after close | after close | after close |
| XAR | -0.64% | -2.29% | base | after close | after close | after close | after close |
| XLINo price data for this ticker | — | — | — | — | — | — | — |
| CATNo price data for this ticker | — | — | — | — | — | — | — |
| DENo price data for this ticker | — | — | — | — | — | — | — |
| WMTNo price data for this ticker | — | — | — | — | — | — | — |
| NKE | -0.03% | +1.08% | base | after close | 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.
Market Call
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The Economic Pain of War & Tariff Wars Is Hitting Home RealClearMarkets
Source: RealClearMarkets
IShares U.S. Aerospace & Defense ETF (ITA) since “The Economic Pain of War & Tariff Wars Is Hitting Home,” compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| IShares U.S. Aerospace & Defense ETF (ITA) | three days earlier | -1.27% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | five days earlier | -0.49% | final price |
| Nike (NKE) | three days earlier | +1.08% | final price |
| Nike (NKE) | five days earlier | -0.03% | final price |
| Spdr Series Trust (XAR) | three days earlier | -2.29% | final price |
| Spdr Series Trust (XAR) | five days earlier | -0.64% | 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 29 days before publication. Filed 12 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Caterpillar (CAT), worth $50,001 - $100,000 on 31 Jul 2026. That is 88 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 29 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 32 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 46 days before publication. Filed 7 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 60 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 61 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 67 days before publication. Filed 8 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 collects and who pays in defense
Companies carried with this story
- ITA IShares U.S. Aerospace & Defense ETF
In “The Economic Pain of War & Tariff Wars Is Hitting Home,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
- XAR Spdr Series Trust
Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence in the 27 Oct 2026 story “The Economic Pain of War & Tariff Wars Is Hitting Home.” Reason on file: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
- XLI Select Sector Spdr Tr
In “The Economic Pain of War & Tariff Wars Is Hitting Home,” 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
- CAT Caterpillar
For “The Economic Pain of War & Tariff Wars Is Hitting Home,” 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 “The Economic Pain of War & Tariff Wars Is Hitting Home,” 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 27 Oct 2026 story “The Economic Pain of War & Tariff Wars Is Hitting Home.” 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
Nike (NKE) is linked, with no stored direction, medium confidence in the 27 Oct 2026 story “The Economic Pain of War & Tariff Wars Is Hitting Home.” 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
How “The Economic Pain of War & Tariff Wars Is Hitting Home” reaches IShares U.S. Aerospace & Defense ETF (ITA)
The 27 Oct 2026 story “The Economic Pain of War & Tariff Wars Is Hitting Home” names IShares U.S. Aerospace & Defense ETF (ITA) because of Defense.
For IShares U.S. Aerospace & Defense ETF (ITA), the reason on file says iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
Also listed, Spdr Series Trust (XAR): SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story
Dates and price levels for IShares U.S. Aerospace & Defense ETF (ITA)
ITA traded between 197.59 and 211.80 across 20 sessions. The latest close on file is 202.25. XAR traded between 210.89 and 237.78 across 20 sessions. The latest close on file is 217.93. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 164.61.
What the saved facts support for IShares U.S. Aerospace & Defense ETF (ITA)
46 out of 100
“The Economic Pain of War & Tariff Wars Is Hitting Home” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.