Geopolitics Alpha

USTR Extends Section 301 Exclusions for 10 Seafood Tariff Lines, Keeps Chinese Vessel Fees on Hold

Published . Updated .

Key takeaways

  • Exposed: XLI, XRT, BWET, KWEB, FXI
  • Market reaction: XLI +4.2% on the day; XRT +3.7% on the day; BWET −13.6% on the day

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GEOPOLITICS ALPHAUSTR Extends Section 301Exclusions for 10 Seafood TariffLines, Keeps Chinese Vessel Fees…GEOPOLITICS ALPHA

This report is about tariffs and trade and container shipping. Names like CAT and DE typically come under pressure because caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

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.

  • BWET Breakwave Tanker Shipping ETF-3.3% 17d

    Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “vessel” (container shipping) in this story.

  • KWEB KraneShares CSI China Internet ETF-8.8% 30d

    KraneShares CSI China Internet ETF: it holds Chinese internet companies. Linked by “chinese” (Chinese tech) in this story.

  • FXI iShares China Large-Cap ETF-5.1% 30d

    iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“chinese”).

  • 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.

  • 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

TickerT-5T-3T-1T0T+1T+2T+3
XLI+4.34%+4.15%base+4.24%after closeafter closeafter close
XRT+1.17%+4.73%base+3.68%after closeafter closeafter close
BWET+35.08%+5.02%base-13.59%after closeafter closeafter close
KWEB-6.11%-2.23%base-2.31%after closeafter closeafter close
FXI-4.96%-1.02%base-0.84%after closeafter closeafter close
CAT+9.84%+5.82%base+7.10%after closeafter closeafter close
DE-0.85%+0.44%base+3.33%after closeafter closeafter close
NKE+1.40%+4.92%base+3.80%after closeafter closeafter 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.

USTR Extends Section 301 Exclusions for 10 Seafood Tariff Lines, Keeps Chinese Vessel Fees on Hold Seafoodnews

Source: Seafoodnews

Select Sector Spdr Tr (XLI) since this story, compared with the market

CompanyWhenMoveStatus
Amplify Commodity Trust (BWET)that day-13.59%final price
Amplify Commodity Trust (BWET)three days earlier+5.02%final price
Amplify Commodity Trust (BWET)five days earlier+35.08%final price
Caterpillar (CAT)that day+7.10%final price
Caterpillar (CAT)three days earlier+5.82%final price
Caterpillar (CAT)five days earlier+9.84%final price
Deere (DE)that day+3.33%final price
Deere (DE)three days earlier+0.44%final price
Deere (DE)five days earlier-0.85%final price
Ishares China Large-Cap Etf (FXI)that day-0.84%final price
Ishares China Large-Cap Etf (FXI)three days earlier-1.02%final price
Ishares China Large-Cap Etf (FXI)five days earlier-4.96%final price
Kraneshares Csi China Internet Etf (KWEB)that day-2.31%final price
Kraneshares Csi China Internet Etf (KWEB)three days earlier-2.23%final price
Kraneshares Csi China Internet Etf (KWEB)five days earlier-6.11%final price
Nike (NKE)that day+3.80%final price
Nike (NKE)three days earlier+4.92%final price
Nike (NKE)five days earlier+1.40%final price
Select Sector Spdr Tr (XLI)that day+4.24%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)that day+3.68%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

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 that tend to pay

  • CAT Caterpillar

    For “USTR Extends Section 301 Exclusions for 10 Seafood Tariff Lines, Keeps Chinese Vessel Fees on Hold,” 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

    Deere (DE) tends to be hurt, medium confidence in the 9 Nov 2026 story “USTR Extends Section 301 Exclusions for 10 Seafood Tariff Lines, Keeps Chinese Vessel Fees on Hold.” 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

    For “USTR Extends Section 301 Exclusions for 10 Seafood Tariff Lines, Keeps Chinese Vessel Fees on Hold,” Nike (NKE) tends to be hurt, medium confidence. 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 “USTR Extends Section 301 Exclusions for 10 Seafood Tariff Lines, Keeps Chinese Vessel Fees on Hold,” 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 “USTR Extends Section 301 Exclusions for 10 Seafood Tariff Lines, Keeps Chinese Vessel Fees on Hold,” 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

  • BWET Amplify Commodity Trust

    Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “USTR Extends Section 301 Exclusions for 10 Seafood Tariff Lines, Keeps Chinese Vessel Fees on Hold.” Reason on file: Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “vessel” (container shipping) in this story

  • KWEB Kraneshares Csi China Internet Etf

    In “USTR Extends Section 301 Exclusions for 10 Seafood Tariff Lines, Keeps Chinese Vessel Fees on Hold,” 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 “chinese” (Chinese tech) in this story

Select Sector Spdr Tr (XLI)

Select Sector Spdr Tr (XLI) is the company in “USTR Extends Section 301 Exclusions for 10 Seafood Tariff Lines, Keeps Chinese Vessel Fees on Hold,” the 9 Nov 2026 this story story.

The link for Select Sector Spdr Tr (XLI) is this: 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

Price levels for Select Sector Spdr Tr (XLI)

BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. 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

“USTR Extends Section 301 Exclusions for 10 Seafood Tariff Lines, Keeps Chinese Vessel Fees on Hold” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.