US President Trump’s midterm humbling offers little relief for Southeast Asian exporters
Published . Updated .
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The Democrats’ flipping of Congress could increase pressure on the White House, but President Trump retains broad authority over trade and foreign policy, leaving Indonesia and other exporters exposed to protectionist US import tariffs.
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.
- AAXJ iShares MSCI All Country Asia ex Japan ETF-11.0% 11d
iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asian”).
- EIDO iShares MSCI Indonesia ETF-1.7% 6d
iShares MSCI Indonesia ETF holds stocks listed in Indonesia, which this story is about (“indonesia”).
- 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.
- 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.
- WMT Walmart+20.2% 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+6.7% 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 |
|---|---|---|---|---|---|---|---|
| XLI | +1.48% | -3.77% | base | after close | after close | after close | after close |
| XRT | -4.28% | -1.83% | base | after close | after close | after close | after close |
| AAXJ | +0.65% | -5.23% | base | after close | after close | after close | after close |
| EIDO | -6.40% | -4.80% | base | after close | after close | after close | after close |
| CAT | +4.19% | -7.56% | base | after close | after close | after close | after close |
| DE | -3.64% | -3.98% | base | after close | after close | after close | after close |
| WMT | -0.64% | +1.67% | base | after close | after close | after close | after close |
| NKE | -3.52% | -0.80% | 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 President Trump’s midterm humbling offers little relief for Southeast Asian exporters Asia News Network
Source: Asia News Network
This story
| Company | When | Move | Status |
|---|---|---|---|
| AAXJ | three days earlier | -5.23% | final price |
| AAXJ | five days earlier | +0.65% | final price |
| CAT | three days earlier | -7.56% | final price |
| CAT | five days earlier | +4.19% | final price |
| DE | three days earlier | -3.98% | final price |
| DE | five days earlier | -3.64% | final price |
| EIDO | three days earlier | -4.80% | final price |
| EIDO | five days earlier | -6.40% | final price |
| NKE | three days earlier | -0.80% | final price |
| NKE | five days earlier | -3.52% | final price |
| WMT | three days earlier | +1.67% | final price |
| WMT | five days earlier | -0.64% | final price |
| XLI | three days earlier | -3.77% | final price |
| XLI | five days earlier | +1.48% | final price |
| XRT | three days earlier | -1.83% | final price |
| XRT | five days earlier | -4.28% | 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 43 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 39 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 43 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 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 74 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 75 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 81 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).
This story
12 out of 100
“US President Trump’s midterm humbling offers little relief for Southeast Asian exporters” scores 12 out of 100. The score uses 1 sources.