Trump's tariff promised trouble for China, though Goldman Sachs notes growth of 4.5%
Published . Updated .
Goldman Sachs's Hui Shan noted over the weekend that China’s Q3 real GDP grew 4.5% year-on-year, slightly above the consensus expectation of 4.4%.
Directly affected
- GS Goldman Sachs Group-11.4% 30d
Named in this report.
Indirectly affected
- 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.
- 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.
- KWEB KraneShares CSI China Internet ETF-6.4% 30d
KraneShares CSI China Internet ETF: it holds Chinese internet companies. Linked by “china” (Chinese tech) in this story.
- SMH VanEck Semiconductor ETF-2.5% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “china” (semiconductors) in this story.
- FXI iShares China Large-Cap ETF-7.2% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from China.
- 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.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| GS | +0.00% | +3.31% | base | +2.05% | after close | after close | after close |
| XLINo price data for this ticker | — | — | — | — | — | — | — |
| XRTNo price data for this ticker | — | — | — | — | — | — | — |
| KWEBNo price data for this ticker | — | — | — | — | — | — | — |
| SMHNo price data for this ticker | — | — | — | — | — | — | — |
| FXINo price data for this ticker | — | — | — | — | — | — | — |
| CEWNo price data for this ticker | — | — | — | — | — | — | — |
| CATNo price data for this ticker | — | — | — | — | — | — | — |
| DENo 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.
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Trump's tariff promised trouble for China, though Goldman Sachs notes growth of 4.5% Fortune
Source: Fortune
How far Apple (AAPL) has moved since 26 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| GS | that day | +2.05% | still updating |
| GS | three days earlier | +3.31% | final price |
| GS | five days earlier | 0.00% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Maria Elvira Salazar sold Goldman Sachs Group (GS), worth $1,001 - $15,000 on 24 Sep 2026. That is 32 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael Rulli bought Goldman Sachs Group (GS), worth $1,001 - $15,000 on 3 Sep 2026. That is 53 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Goldman Sachs Group (GS), worth $1,001 - $15,000 on 26 Aug 2026. That is 61 days before publication. Filed 10 Sep 2026. View the filing.
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 28 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 87 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Pete Sessions sold Apple (AAPL) (held by a spouse), worth $100,001 - $250,000 on 22 Sep 2026. That is 34 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Apple (AAPL) (held by a dependent child), worth $1,001 - $15,000 on 8 Sep 2026. That is 48 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Cleo Fields bought Apple (AAPL), worth $1,001 - $15,000 on 8 Sep 2026. That is 48 days before publication. Filed 1 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 59 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 60 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 66 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 gains and who loses around Apple (AAPL)
Likely to feel the cost
- AAPL Apple
Apple (AAPL) tends to be hurt, medium confidence in the 26 Oct 2026 story “Trump's tariff promised trouble for China, though Goldman Sachs notes growth of 4.5%.” Reason on file: Sales and supply chains are exposed to a new tariff. Linked by “tariff + china” in this story
- NKE Nike
In “Trump's tariff promised trouble for China, though Goldman Sachs notes growth of 4.5%,” Nike (NKE) tends to be hurt, medium confidence. Reason on file: Sales and supply chains are exposed to a new tariff. Linked by “tariff + china” in this story
- CAT Caterpillar
For “Trump's tariff promised trouble for China, though Goldman Sachs notes growth of 4.5%,” Caterpillar (CAT) tends to be hurt, medium confidence. Reason on file: Machinery exporters are exposed to China tariffs. Linked by “tariff + china” in this story
- DE Deere
Deere (DE) tends to be hurt, medium confidence in the 26 Oct 2026 story “Trump's tariff promised trouble for China, though Goldman Sachs notes growth of 4.5%.” Reason on file: Machinery exporters are exposed to China tariffs. Linked by “tariff + china” in this story
- FXI Ishares China Large-Cap Etf
In “Trump's tariff promised trouble for China, though Goldman Sachs notes growth of 4.5%,” Ishares China Large-Cap Etf (FXI) tends to be hurt, medium confidence. Reason on file: A fund of large Chinese companies. Linked by “tariff + china” in this story
Apple (AAPL)
The 26 Oct 2026 story “Trump's tariff promised trouble for China, though Goldman Sachs notes growth of 4.5%” names Apple (AAPL) because of this story.
The link for Apple (AAPL) is this: Sales and supply chains are exposed to a new tariff. Linked by “tariff + china” in this story
Nike (NKE) is here too. Its reason reads: Sales and supply chains are exposed to a new tariff. Linked by “tariff + china” in this story
The price range for Apple (AAPL), and the dates in the story
AAPL traded between 325.81 and 351.68 across 20 sessions. The latest close on file is 347.69. CAT traded between 681.25 and 876.39 across 20 sessions. The latest close on file is 686.72. NKE traded between 31.98 and 38.44 across 20 sessions. The latest close on file is 37.32.
How strong the case is around Apple (AAPL)
40 out of 100Price not final
“Trump's tariff promised trouble for China, though Goldman Sachs notes growth of 4.5%” scores 40 out of 100. The score uses 1 sources, and 5 linked companies. The price is not final yet.