UAE, Canada seal trade pact cutting 99% of tariffs on exports
Published . Updated .
This report is about tariffs and trade and Canada.
Directly affected
- No company is named in this report.
Indirectly affected
- XLI Industrial Select Sector SPDR
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.
- EWC iShares MSCI Canada ETF
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).
- UAE iShares MSCI UAE ETF
iShares MSCI UAE ETF holds stocks listed in the UAE, which this story is about (“uae”).
- CAT Caterpillar
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
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 (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- NKE Nike
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 |
|---|---|---|---|---|---|---|---|
| XLINo price data for this ticker | — | — | — | — | — | — | — |
| XRTNo price data for this ticker | — | — | — | — | — | — | — |
| EWCNo price data for this ticker | — | — | — | — | — | — | — |
| UAENo price data for this ticker | — | — | — | — | — | — | — |
| CATNo price data for this ticker | — | — | — | — | — | — | — |
| DENo price data for this ticker | — | — | — | — | — | — | — |
| WMTNo price data for this ticker | — | — | — | — | — | — | — |
| NKE | -0.07% | -0.61% | 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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UAE, Canada seal trade pact cutting 99% of tariffs on exports Arab News
Source: Arab News
Select Sector Spdr Tr (XLI) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Nike (NKE) | three days earlier | -0.61% | final price |
| Nike (NKE) | five days earlier | -0.07% | 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 30 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 89 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 30 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 33 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 47 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 61 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 62 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 68 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 tied to this story
- XLI Select Sector Spdr Tr
For “UAE, Canada seal trade pact cutting 99% of tariffs on exports,” 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
Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “UAE, Canada seal trade pact cutting 99% of tariffs on exports.” 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
- EWC Ishares Msci Canada Etf
Ishares Msci Canada Etf (EWC) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “UAE, Canada seal trade pact cutting 99% of tariffs on exports.” Reason on file: iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”)
- UAE Ishares Tr
In “UAE, Canada seal trade pact cutting 99% of tariffs on exports,” Ishares Tr (UAE) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI UAE ETF holds stocks listed in the UAE, which this story is about (“uae”)
- CAT Caterpillar
For “UAE, Canada seal trade pact cutting 99% of tariffs on exports,” 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
For “UAE, Canada seal trade pact cutting 99% of tariffs on exports,” 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 28 Oct 2026 story “UAE, Canada seal trade pact cutting 99% of tariffs on exports.” 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 28 Oct 2026 story “UAE, Canada seal trade pact cutting 99% of tariffs on exports.” 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)
Select Sector Spdr Tr (XLI) is the company in “UAE, Canada seal trade pact cutting 99% of tariffs on exports,” the 28 Oct 2026 this story story.
For Select Sector Spdr Tr (XLI), the reason on file says 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
EWC traded between 57.74 and 61.45 across 20 sessions. The latest close on file is 61.05. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 167.94. XRT traded between 83.12 and 86.10 across 2 sessions. The latest close on file is 83.23.
How strong the case is around Select Sector Spdr Tr (XLI)
46 out of 100
“UAE, Canada seal trade pact cutting 99% of tariffs on exports” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.