Sector Update: Consumer

03:41 PM EDT, 08/31/2026 (MT Newswires) -- Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.6%. In corporate news, Toyota (TM) and Honda (HMC) could get stuck with the bill if President Trump's 50% tariff on Canadian car imports go into effect on Jan. 1 as proposed, Reuters reported. Toyota and Honda could be forced to shut down some production lines, according to the late Sunday report, which cited analysts. If the tariffs go into effect, the two automakers will likely try to redirect vehicles built in Canada to other markets and look for ways to make up supply for the US market, analysts told the media outlet. Toyota shares were up 1%, and Honda was adding 0.3%.