What Do the Midterms Mean for Wine Tariffs?
Published . Updated .
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Tuesday's "blue wave" has changed the balance of power in Washington, but by how much? Read the latest wine news & opinion on wine-searcher
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.
- PBJ Invesco Food & Beverage ETF
Invesco Food & Beverage ETF: it tracks beer, wine and spirits. Linked by “wine” (beer, wine and spirits) in this story.
- CAT Caterpillar-26.6% 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-1.4% 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.
- BUD Anheuser-Busch InBev+3.3% 30d
Anheuser-Busch InBev (malt beverages): it is exposed to beer, wine and spirits. Linked by “wine” (beer, wine and spirits) 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 | +0.40% | +0.18% | base | -3.38% | after close | after close | after close |
| XRT | -5.03% | -3.40% | base | -3.01% | after close | after close | after close |
| PBJ | -2.62% | -2.62% | base | — | after close | after close | after close |
| CAT | +9.45% | +3.80% | base | -4.74% | after close | after close | after close |
| DE | -2.37% | -1.28% | base | -1.16% | after close | after close | after close |
| WMT | -6.18% | -1.18% | base | -0.62% | after close | after close | after close |
| NKE | -5.11% | -3.36% | base | -2.47% | after close | after close | after close |
| BUD | -4.90% | +0.39% | base | +1.44% | 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.
What Do the Midterms Mean for Wine Tariffs? Wine-Searcher
Source: Wine-Searcher
This story
| Company | When | Move | Status |
|---|---|---|---|
| BUD | that day | +1.44% | still updating |
| BUD | three days earlier | +0.39% | final price |
| BUD | five days earlier | -4.90% | final price |
| CAT | that day | -4.74% | still updating |
| CAT | three days earlier | +3.80% | final price |
| CAT | five days earlier | +9.45% | final price |
| DE | that day | -1.16% | still updating |
| DE | three days earlier | -1.28% | final price |
| DE | five days earlier | -2.37% | final price |
| NKE | that day | -2.47% | still updating |
| NKE | three days earlier | -3.36% | final price |
| NKE | five days earlier | -5.11% | final price |
| PBJ | three days earlier | -2.62% | final price |
| PBJ | five days earlier | -2.62% | final price |
| WMT | that day | -0.62% | still updating |
| WMT | three days earlier | -1.18% | final price |
| WMT | five days earlier | -6.18% | final price |
| XLI | that day | -3.38% | still updating |
| XLI | three days earlier | +0.18% | final price |
| XLI | five days earlier | +0.40% | final price |
| XRT | that day | -3.01% | still updating |
| XRT | three days earlier | -3.40% | final price |
| XRT | five days earlier | -5.03% | 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 38 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 34 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 38 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 41 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 69 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 70 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 76 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Kevin Hern sold Anheuser-Busch InBev (BUD), worth $1,001 - $15,000 on 18 Aug 2026. That is 79 days before publication. Filed 1 Sep 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).
How solid “What Do the Midterms Mean for Wine Tariffs?” looks
12 out of 100Price not final
“What Do the Midterms Mean for Wine Tariffs?” scores 12 out of 100. The score uses 1 sources. The price is not final yet.