US tariffs reroute Canadian aluminium to Europe
Published . Updated .
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Canadian aluminium producers have redirected about 800,000 tonnes to Europe since March 2025 as a 50% US import tariff disrupts trade flows.
Directly affected
- No company is named in this report.
Indirectly affected
- XLI Industrial Select Sector SPDR+0.5% 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.
- PICK iShares MSCI Global Metals & Mining Producers ETF-6.7% 30d
iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “aluminium” (metals & mining) in this story.
- EWC iShares MSCI Canada ETF+1.3% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canadian”).
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“europe”).
- CAT Caterpillar-27.9% 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+0.1% 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.
- 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.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLI | -4.94% | -1.22% | base | after close | after close | after close | after close |
| XRT | -1.37% | +0.47% | base | after close | after close | after close | after close |
| PICK | -4.15% | +0.86% | base | after close | after close | after close | after close |
| EWC | -0.53% | +0.82% | base | after close | after close | after close | after close |
| VGK | -1.21% | +0.58% | base | after close | after close | after close | after close |
| CAT | -8.01% | -0.49% | base | after close | after close | after close | after close |
| DE | -4.00% | -0.02% | base | after close | after close | after close | after close |
| WMT | +1.59% | -0.08% | 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 tariffs reroute Canadian aluminium to Europe Mining.com.au
Source: Mining.com.au
The price since 11 Nov 2026: Select Sector Spdr Tr (XLI) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Caterpillar (CAT) | three days earlier | -0.49% | final price |
| Caterpillar (CAT) | five days earlier | -8.01% | final price |
| Deere (DE) | three days earlier | -0.02% | final price |
| Deere (DE) | five days earlier | -4.00% | final price |
| Ishares Msci Canada Etf (EWC) | three days earlier | +0.82% | final price |
| Ishares Msci Canada Etf (EWC) | five days earlier | -0.53% | final price |
| Ishares Msci Global Metals & Mining (PICK) | three days earlier | +0.86% | final price |
| Ishares Msci Global Metals & Mining (PICK) | five days earlier | -4.15% | final price |
| Vanguard Intl Equity Index F (VGK) | three days earlier | +0.58% | final price |
| Vanguard Intl Equity Index F (VGK) | five days earlier | -1.21% | final price |
| Walmart (WMT) | three days earlier | -0.08% | final price |
| Walmart (WMT) | five days earlier | +1.59% | final price |
| Select Sector Spdr Tr (XLI) | three days earlier | -1.22% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | -4.94% | final price |
| Spdr Series Trust (XRT) | three days earlier | +0.47% | final price |
| Spdr Series Trust (XRT) | five days earlier | -1.37% | final price |
Congressional trades 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 44 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 29 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 35 days before publication. Filed 5 Nov 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 40 days before publication. Filed 27 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 is named in “US tariffs reroute Canadian aluminium to Europe”
Companies tied to this story
- XLI Select Sector Spdr Tr
Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “US tariffs reroute Canadian aluminium to Europe.” 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 tariffs reroute Canadian aluminium to Europe,” 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
- PICK Ishares Msci Global Metals & Mining
In “US tariffs reroute Canadian aluminium to Europe,” Ishares Msci Global Metals & Mining (PICK) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “aluminium” (metals & mining) in this story
- EWC Ishares Msci Canada Etf
For “US tariffs reroute Canadian aluminium to Europe,” 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 (“canadian”)
- VGK Vanguard Intl Equity Index F
In “US tariffs reroute Canadian aluminium to Europe,” Vanguard Intl Equity Index F (VGK) is linked, with no stored direction, medium confidence. Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“europe”)
- CAT Caterpillar
For “US tariffs reroute Canadian aluminium to Europe,” 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
In “US tariffs reroute Canadian aluminium to Europe,” 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
In “US tariffs reroute Canadian aluminium to Europe,” Walmart (WMT) is linked, with no stored direction, medium confidence. 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
How “US tariffs reroute Canadian aluminium to Europe” reaches Select Sector Spdr Tr (XLI)
On 11 Nov 2026, “US tariffs reroute Canadian aluminium to Europe” is the story that connects Select Sector Spdr Tr (XLI) to 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
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
The price range for Select Sector Spdr Tr (XLI), and the dates in the story
PICK traded between 54.38 and 61.57 across 20 sessions. The latest close on file is 56.72. 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 tariffs reroute Canadian aluminium to Europe” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.