US-China Trade Council Meets on $60B Tariff Deal and Agricultural Trade
Published . Updated .
Key takeaways
- The first US-China trade council meeting addressed reciprocal tariff cuts and agricultural trade as both sides work toward a proposed $60 billion tariff-reduction package before the Trump-Xi meeting at APEC in Shenzhen.
- Exposed: XLI, XRT, KWEB, SMH, FXI
- Market reaction: price tracking starts with the next trading session.
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The first US-China trade council meeting addressed reciprocal tariff cuts and agricultural trade as both sides work toward a proposed $60 billion tariff-reduction package before the Trump-Xi meeting at APEC in Shenzhen.
Directly affected
- No company is named in this report.
Indirectly affected
- XLI Industrial Select Sector SPDR+0.6% 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-6.3% 30d
KraneShares CSI China Internet ETF: it holds Chinese internet companies. Linked by “china” (Chinese tech) in this story.
- SMH VanEck Semiconductor ETF-15.4% 30d
VanEck Semiconductor ETF: it holds chipmakers. Linked by “china” (semiconductors) in this story.
- FXI iShares China Large-Cap ETF-2.8% 30d
iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).
- CAT Caterpillar-28.4% 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-1.2% 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.
- NKE Nike+5.4% 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 |
|---|---|---|---|---|---|---|---|
| XLI | +0.05% | +1.29% | base | after close | after close | after close | after close |
| XRT | +1.88% | +1.40% | base | after close | after close | after close | after close |
| KWEB | +5.97% | +3.23% | base | after close | after close | after close | after close |
| SMH | +0.14% | +4.23% | base | after close | after close | after close | after close |
| FXI | +3.46% | +1.27% | base | after close | after close | after close | after close |
| CAT | -0.24% | +0.24% | base | after close | after close | after close | after close |
| DE | +2.61% | +2.63% | base | after close | after close | after close | after close |
| NKE | +4.97% | +0.89% | 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.
US-China Trade Council Meets on $60B Tariff Deal and Agricultural Trade - News and Statistics IndexBox
Source: IndexBox
Select Sector Spdr Tr (XLI) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Caterpillar (CAT) | three days earlier | +0.24% | final price |
| Caterpillar (CAT) | five days earlier | -0.24% | final price |
| Deere (DE) | three days earlier | +2.63% | final price |
| Deere (DE) | five days earlier | +2.61% | final price |
| Ishares China Large-Cap Etf (FXI) | three days earlier | +1.27% | final price |
| Ishares China Large-Cap Etf (FXI) | five days earlier | +3.46% | final price |
| Kraneshares Csi China Internet Etf (KWEB) | three days earlier | +3.23% | final price |
| Kraneshares Csi China Internet Etf (KWEB) | five days earlier | +5.97% | final price |
| Nike (NKE) | three days earlier | +0.89% | final price |
| Nike (NKE) | five days earlier | +4.97% | final price |
| Vaneck Etf Trust (SMH) | three days earlier | +4.23% | final price |
| Vaneck Etf Trust (SMH) | five days earlier | +0.14% | final price |
| Select Sector Spdr Tr (XLI) | three days earlier | +1.29% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | +0.05% | final price |
| Spdr Series Trust (XRT) | three days earlier | +1.40% | final price |
| Spdr Series Trust (XRT) | five days earlier | +1.88% | 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 48 days before publication. Filed 12 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 79 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 80 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 86 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)
The side that tends to be hurt
- CAT Caterpillar
In “US-China Trade Council Meets on $60B Tariff Deal and Agricultural Trade - News and Statistics,” Caterpillar (CAT) tends to be hurt, 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 “US-China Trade Council Meets on $60B Tariff Deal and Agricultural Trade - News and Statistics,” Deere (DE) tends to be hurt, 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
- NKE Nike
Nike (NKE) tends to be hurt, medium confidence in the 15 Nov 2026 story “US-China Trade Council Meets on $60B Tariff Deal and Agricultural Trade - News and Statistics.” 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
No up or down call on file
- XLI Select Sector Spdr Tr
In “US-China Trade Council Meets on $60B Tariff Deal and Agricultural Trade - News and Statistics,” 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 “US-China Trade Council Meets on $60B Tariff Deal and Agricultural Trade - News and Statistics,” 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
- KWEB Kraneshares Csi China Internet Etf
In “US-China Trade Council Meets on $60B Tariff Deal and Agricultural Trade - News and Statistics,” Kraneshares Csi China Internet Etf (KWEB) is linked, with no stored direction, medium confidence. Reason on file: KraneShares CSI China Internet ETF: it holds Chinese internet companies. Linked by “china” (Chinese tech) in this story
- SMH Vaneck Etf Trust
For “US-China Trade Council Meets on $60B Tariff Deal and Agricultural Trade - News and Statistics,” Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence. Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “china” (semiconductors) in this story
Select Sector Spdr Tr (XLI)
On 15 Nov 2026, “US-China Trade Council Meets on $60B Tariff Deal and Agricultural Trade - News and Statistics” is the story that connects Select Sector Spdr Tr (XLI) to this 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 and price levels for Select Sector Spdr Tr (XLI)
KWEB traded between 22.90 and 25.02 across 18 sessions. The latest close on file is 23.13. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.
How strong the case is around Select Sector Spdr Tr (XLI)
46 out of 100
“US-China Trade Council Meets on $60B Tariff Deal and Agricultural Trade - News and Statistics” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.