‘Who picks a fight with Canada?’ Trade war angers Alaskan businesses ahead of U.S. midterms
Published . Updated .
The trade war between Canada and the U.S. is putting a strain on businesses in Alaska, a state that could elect a Democratic senator for the first time in nearly two decades.
Directly affected
- No company is named in this report.
Indirectly affected
- XLI Industrial Select Sector SPDR-1.5% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tradewar” (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 “tradewar” (tariffs and trade) in this story.
- EWC iShares MSCI Canada ETF+0.3% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).
- CAT Caterpillar-23.7% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tradewar” (tariffs and trade) in this story.
- DE Deere-0.9% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tradewar” (tariffs and trade) in this story.
- WMT Walmart+14.9% 30d
Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tradewar” (tariffs and trade) in this story.
- NKE Nike+7.1% 30d
Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tradewar” (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 | -0.27% | +0.65% | base | +1.25% | after close | after close | after close |
| XRT | -1.50% | -2.24% | base | +2.03% | after close | after close | after close |
| EWCNo price data for this ticker | — | — | — | — | — | — | — |
| CAT | +11.08% | +14.72% | base | -1.85% | after close | after close | after close |
| DE | -5.07% | -5.14% | base | -2.01% | after close | after close | after close |
| WMTNo price data for this ticker | — | — | — | — | — | — | — |
| NKENo price data for this ticker | — | — | — | — | — | — | — |
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.
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‘Who picks a fight with Canada?’ Trade war angers Alaskan businesses ahead of U.S. midterms BNN Bloomberg
Source: BNN Bloomberg
Select Sector Spdr Tr (XLI) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Caterpillar (CAT) | that day | -1.85% | still updating |
| Caterpillar (CAT) | three days earlier | +14.72% | final price |
| Caterpillar (CAT) | five days earlier | +11.08% | final price |
| Deere (DE) | that day | -2.01% | still updating |
| Deere (DE) | three days earlier | -5.14% | final price |
| Deere (DE) | five days earlier | -5.07% | final price |
| Select Sector Spdr Tr (XLI) | that day | +1.25% | still updating |
| Select Sector Spdr Tr (XLI) | three days earlier | +0.65% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | -0.27% | final price |
| Spdr Series Trust (XRT) | that day | +2.03% | still updating |
| Spdr Series Trust (XRT) | three days earlier | -2.24% | final price |
| Spdr Series Trust (XRT) | five days earlier | -1.50% | 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 35 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 31 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 35 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 38 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 66 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 67 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 73 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 collects and who pays in defense
Companies carried with this story
- XLI Select Sector Spdr Tr
For “‘Who picks a fight with Canada?’ Trade war angers Alaskan businesses ahead of U.S. midterms,” 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 “tradewar” (tariffs and trade) in this story
- XRT Spdr Series Trust
In “‘Who picks a fight with Canada?’ Trade war angers Alaskan businesses ahead of U.S. midterms,” 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 “tradewar” (tariffs and trade) in this story
- EWC Ishares Msci Canada Etf
In “‘Who picks a fight with Canada?’ Trade war angers Alaskan businesses ahead of U.S. midterms,” 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 (“canada”)
- CAT Caterpillar
Caterpillar (CAT) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “‘Who picks a fight with Canada?’ Trade war angers Alaskan businesses ahead of U.S. midterms.” Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tradewar” (tariffs and trade) in this story
- DE Deere
For “‘Who picks a fight with Canada?’ Trade war angers Alaskan businesses ahead of U.S. midterms,” 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 “tradewar” (tariffs and trade) in this story
- WMT Walmart
In “‘Who picks a fight with Canada?’ Trade war angers Alaskan businesses ahead of U.S. midterms,” 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 “tradewar” (tariffs and trade) in this story
- NKE Nike
In “‘Who picks a fight with Canada?’ Trade war angers Alaskan businesses ahead of U.S. midterms,” Nike (NKE) is linked, with no stored direction, medium confidence. Reason on file: Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tradewar” (tariffs and trade) in this story
How defense news reaches Select Sector Spdr Tr (XLI)
On 2 Nov 2026, “‘Who picks a fight with Canada?’ Trade war angers Alaskan businesses ahead of U.S. midterms” is the story that connects Select Sector Spdr Tr (XLI) to Defense.
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 “tradewar” (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 “tradewar” (tariffs and trade) in this story
Price levels for Select Sector Spdr Tr (XLI)
EWC traded between 57.81 and 61.73 across 20 sessions. The latest close on file is 60.61. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 167.42.
A simple score for Select Sector Spdr Tr (XLI)
46 out of 100Price not final
“‘Who picks a fight with Canada?’ Trade war angers Alaskan businesses ahead of U.S. midterms” scores 46 out of 100. The score uses 1 sources, and 7 linked companies. The price is not final yet.