President Donald Trump signed an order on October 23 removing the 50% tariff on some Canadian agricultural and forestry products, including plywood, certain paper products, refrigeration equipment, boxes and packaging, and fresh and dried seaweed, effective October 30. The move aims to gain political advantage before the November 3 midterm elections, as Republicans seek to keep control of both chambers of Congress. To offset the cut, Trump added products such as carpets, paints, shampoo, cocoa powder and canoes to the 50% tariff list. Republican Senator Susan Collins welcomed the decision, while Democratic Senator Ron Wyden said it reflected voters turning against tariff policies. In August, the U.S. imposed a 50% tariff on $20 billion of Canadian imports after bilateral talks collapsed, and Canada retaliated with 15-50% tariffs on $20 billion of U.S. goods.
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Original headline: Ông Trump gỡ bỏ thuế một số sản phẩm của Canada
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Donald TrumpCanadatariffsUSDCADmidterm elections
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USD/CAD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/23/2026 | 1.40070 |
| Change that session | -0.01% |
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President Trump signed an order on Oct. 23 removing the 50% tariff on some Canadian agriculture and forestry products, including plywood, certain paper products, refrigeration equipment, packaging boxes and fresh or dried seaweed, effective Oct. 30, four days before the Nov. 3 midterm elections. To offset this, he added items such as carpets, paint, air conditioners and canoes to the 50% tariff list. The move aims to gain political advantage in Maine, where Republican Senator Susan Collins is in a close race, while Democratic Senator Ron Wyden said it shows American voters are turning against tariff policies. The change follows an August 50% tariff on $20 billion of Canadian imports after bilateral talks collapsed, which Canada answered with 15–50% tariffs on $20 billion of U.S. goods; Canadian minister Dominic LeBlanc said Ottawa is evaluating the latest changes.
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