Trump Says He and Carney Have ‘the Concept’ of a Canada Deal. A 50% Tariff Over Canada’s Car Duties Is Still on the Books
Published . Updated .
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Trump says he and Carney have “the concept” of a Canada auto tariff deal, but the White House’s 50% duty over Canada’s vehicle tariffs is still on the books.
Directly affected
- No company is named in this report.
Indirectly affected
- XLI Industrial Select Sector SPDR-0.3% 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.
- CARZ First Trust S-Network Future Vehicles & Technology ETF
First Trust S-Network Future Vehicles & Technology ETF: it holds carmakers and parts makers. Linked by “car” (autos) in this story.
- EWC iShares MSCI Canada ETF+0.9% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).
- TSLA Tesla+0.2% 30d
Tesla (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story.
- CAT Caterpillar-31.9% 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.
- GM General Motors+3.3% 30d
General Motors (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story.
- DE Deere-2.2% 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 |
|---|---|---|---|---|---|---|---|
| XLI | +4.34% | +4.15% | base | after close | after close | after close | after close |
| XRT | +1.17% | +4.73% | base | after close | after close | after close | after close |
| CARZ | +10.62% | +10.62% | base | after close | after close | after close | after close |
| EWC | +1.43% | +3.07% | base | after close | after close | after close | after close |
| TSLA | +12.76% | +7.53% | base | after close | after close | after close | after close |
| CAT | +9.84% | +5.82% | base | after close | after close | after close | after close |
| GM | +4.35% | +7.24% | base | after close | after close | after close | after close |
| DE | -0.85% | +0.44% | 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.
Trump Says He and Carney Have ‘the Concept’ of a Canada Deal. A 50% Tariff Over Canada’s Car Duties Is Still on the Books The Auto Wire
Source: The Auto Wire
How far Select Sector Spdr Tr (XLI) has moved since 8 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| First Tr Exchange-Traded Fd (CARZ) | three days earlier | +10.62% | final price |
| First Tr Exchange-Traded Fd (CARZ) | five days earlier | +10.62% | final price |
| Caterpillar (CAT) | three days earlier | +5.82% | final price |
| Caterpillar (CAT) | five days earlier | +9.84% | final price |
| DE | three days earlier | +0.44% | final price |
| DE | five days earlier | -0.85% | final price |
| Ishares Msci Canada Etf (EWC) | three days earlier | +3.07% | final price |
| Ishares Msci Canada Etf (EWC) | five days earlier | +1.43% | final price |
| General Motors (GM) | three days earlier | +7.24% | final price |
| General Motors (GM) | five days earlier | +4.35% | final price |
| Tesla (TSLA) | three days earlier | +7.53% | final price |
| Tesla (TSLA) | five days earlier | +12.76% | final price |
| Select Sector Spdr Tr (XLI) | three days earlier | +4.15% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | +4.34% | final price |
| Spdr Series Trust (XRT) | three days earlier | +4.73% | final price |
| Spdr Series Trust (XRT) | five days earlier | +1.17% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold Tesla (TSLA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 37 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Tesla (TSLA) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 44 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Tesla (TSLA) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 58 days before publication. Filed 7 Oct 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 41 days before publication. Filed 12 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold General Motors (GM), worth $1,001 - $15,000 on 24 Aug 2026. That is 76 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 Select Sector Spdr Tr (XLI)
Companies carried with this story
- XLI Select Sector Spdr Tr
In “Trump Says He and Carney Have ‘the Concept’ of a Canada Deal. A 50% Tariff Over Canada’s Car Duties Is Still on the Books,” 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
- XRT Spdr Series Trust
In “Trump Says He and Carney Have ‘the Concept’ of a Canada Deal. A 50% Tariff Over Canada’s Car Duties Is Still on the Books,” 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
- CARZ First Tr Exchange-Traded Fd
First Tr Exchange-Traded Fd (CARZ) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “Trump Says He and Carney Have ‘the Concept’ of a Canada Deal. A 50% Tariff Over Canada’s Car Duties Is Still on the Books.” Reason on file: First Trust S-Network Future Vehicles & Technology ETF: it holds carmakers and parts makers. Linked by “car” (autos) in this story
- EWC Ishares Msci Canada Etf
For “Trump Says He and Carney Have ‘the Concept’ of a Canada Deal. A 50% Tariff Over Canada’s Car Duties Is Still on the Books,” Ishares Msci Canada Etf (EWC) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”)
- TSLA Tesla
In “Trump Says He and Carney Have ‘the Concept’ of a Canada Deal. A 50% Tariff Over Canada’s Car Duties Is Still on the Books,” Tesla (TSLA) is linked, with no stored direction, medium confidence. Reason on file: Tesla (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story
- CAT Caterpillar
Caterpillar (CAT) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “Trump Says He and Carney Have ‘the Concept’ of a Canada Deal. A 50% Tariff Over Canada’s Car Duties Is Still on the Books.” 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
- GM General Motors
General Motors (GM) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “Trump Says He and Carney Have ‘the Concept’ of a Canada Deal. A 50% Tariff Over Canada’s Car Duties Is Still on the Books.” Reason on file: General Motors (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story
- TM Toyota Motor Corp/
Toyota Motor Corp/ (TM) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “Trump Says He and Carney Have ‘the Concept’ of a Canada Deal. A 50% Tariff Over Canada’s Car Duties Is Still on the Books.” Reason on file: Toyota Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “car” (autos) in this story
Select Sector Spdr Tr (XLI)
“Trump Says He and Carney Have ‘the Concept’ of a Canada Deal. A 50% Tariff Over Canada’s Car Duties Is Still on the Books” (8 Nov 2026) reaches Select Sector Spdr Tr (XLI) through this story.
Select Sector Spdr Tr (XLI) is on the page because Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
Also listed, Spdr Series Trust (XRT): SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
The price range for Select Sector Spdr Tr (XLI), and the dates in the story
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 Select Sector Spdr Tr (XLI)
46 out of 100
“Trump Says He and Carney Have ‘the Concept’ of a Canada Deal. A 50% Tariff Over Canada’s Car Duties Is Still on the Books” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.