See the full story in the original article.
Read the original on investmentnews.com ↗
Keywords
tariffsCanadaDonald Trumpagriculture
Open a keyword to see other news on the same topic.
Related tickers and likely impact
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Candidates clash over farm economy , trade and labor at 7th Congressional District town hall
Republican Michael Alfonso and Democrat Fred Clark clashed over farm economics, trade and labor at a virtual town hall hosted by Farm Bureau and Farmers Union, ahead of the Nov. 3 election. Alfonso blamed rising costs and proposed tax relief and reduced regulation, and backed stronger antitrust enforcement in meatpacking, while Clark named agribusiness consolidation as the biggest threat. Clark criticized the Trump administration's tariffs, while Alfonso defended them as a response to unfair trade practices. On labor, Clark urged H-2A visa reform, and Alfonso focused on recruiting young people and technical training. Wisconsin fell below 5,000 dairy herds for the first time, and both candidates proposed ways to help young farmers, though with different approaches.
- Trump Announces Another $8 Billion Farm Bailout
The Trump administration announced the Harvest Fuel Relief program, providing $8 billion in one-time payments to farmers to offset diesel costs during the 2026 harvest season. The USDA will calculate payments based on planted acreage, production costs, projected yields and commodity prices, with rates for major crops to be announced in November and the payment schedule still pending. The article says diesel averaged about $6.28 per gallon nationally, compared with about $3.62 a year earlier, as the war against Iran and disruptions in the Strait of Hormuz pushed up energy and fertilizer costs. USDA projected 2026 farm production expenses at $492.8 billion, up 4.5 percent, while net farm income was expected to fall. The article argues that tariffs and retaliatory trade measures, especially those affecting soybean exports, have added to farmers’ financial pressure.
- Trump Canada tariffs put dairy , lumber and market access at risk
President Trump’s escalating trade fight with Canada is squeezing its economy, with U.S. tariffs on roughly $20 billion in goods still in place. Steel exports have fallen by roughly half since the tariffs took effect, and lumber exports were about 20% below 2024 levels earlier this year, according to the Bank of Canada. Consumer prices were 3% higher in August than a year earlier, with grocery prices up 2.8% and transportation costs up 7.5%, while goods hit by retaliatory tariffs rose roughly 6% more than unaffected products. David Clement of the Consumer Choice Center said U.S. complaints about Canadian dairy access are valid, though dairy is a small part of a relationship in which more than 99% of trade was duty-free before 2025. Higher energy prices tied to the Iran war add another squeeze ahead of the midterm elections.
- Some Republicans are opposing Trump on tariffs. Maine’s Susan Collins just got him to back down on Canadian levies.
- Trump tariffs on steel , aluminum a disaster for the U . S ., think tank says
A Montreal Economic Institute report, written mainly by University of Toronto economics professor Joseph Steinberg, argues that Trump's steel and aluminum tariffs have been a “disaster” for the U.S., fuelling inflation without the promised growth in those industries or new jobs. Since February 2025, U.S. steel prices have risen 33.9% and aluminum 58%, versus 1% and 26% in Canada. During the 19-month period in which the tariffs were in place (imposed in March 2025 and later raised from 25% to 50%), U.S. steel production rose 7.6% with employment up 0.7%, while aluminum production fell 0.1%. The new steel tariffs alone could raise costs by 6.5% in autos and 13% in fabricated metals, and the report says consumers and industrial buyers have paid the price. Tariffs remain a source of friction with Canada: New Jersey importer Gellert Global Group has sued over the 50% tariffs, while U.S. courts have already ruled some earlier tranches illegal.
- Trump tariffs on steel , aluminum a disaster for the U . S .: Think tank
A Montreal Economic Institute report says Trump's tariffs of 25%, later raised to 50%, on steel and aluminum have pushed prices up while barely increasing industry jobs. U.S. steel prices have risen 33.9% since February 2025 and aluminum prices 58%, versus only 1% and 26% in Canada. Over the 19 months, U.S. steel output rose 7.6% and employment 0.7%, while aluminum output fell 0.1%. Lead author Joseph Steinberg says consumers and industries that buy metals have paid the price, while the U.S. government and domestic producers are the only winners. A New Jersey importer has also sued over the 50% tariffs on Canadian goods, after some earlier tariff tranches were ruled illegal by U.S. courts.
Related markets
Latest news
- Billionaire Paul Tudor Jones warns AI and IPOs could hit stocks hard in 2027. Protect your nest egg now
Paul Tudor Jones told CNBC on Oct. 13 that 2027 will be very challenging for the stock market, as AI fundraising and big IPOs add shares that compete for investors' money. He noted that buybacks and acquisitions have long removed shares, such as Apple's repurchase of 402 million shares for $89.3 billion in fiscal 2025, but this balance could shift as SpaceX, Anthropic and OpenAI prepare offerings. He said he will be short the whole year, betting on falling prices, and compared the current market to 1999. The article stresses that his warning concerns what could follow, not an immediate collapse, and that he still sees room for a strong finish to 2026.
- U.S. Power Demand Is Set to Jump 20% by 2030. Here's What It Means for Energy Stocks.
Rabobank research projects U.S. power consumption could climb 20% by 2030, after two decades of sluggish growth of around 0.5% a year. Drivers include AI hyperscalers, electrification such as electric vehicles, and reindustrialization of manufacturing. The article covers three groups that could benefit: regulated utilities such as Dominion Energy, Southern Company and American Electric Power; independent power producers such as Constellation, Vistra and Talen, which have long-term agreements with hyperscalers; and equipment makers such as GE Vernova, with a backlog of over $176 billion, and Bloom Energy. It also notes that Constellation and Vistra are down 30% and 22% over the past year.
- U.S. Clarity Act failure gives Asia and Middle East a competitive edge, says Apex Group CEO
Apex Group CEO Peter Hughes said the U.S. risks losing digital asset business to faster-moving jurisdictions in Asia, the Middle East and Bermuda after the Senate failed to advance the Clarity Act, which fell short of the 60 votes needed. He described Europe's MiCA rules as slow and restrictive and said Saudi Arabia is emerging as a tokenization hub. Hughes argued that tokenized money market funds and regulated, yield-bearing stablecoins could accelerate institutional adoption, citing 5% returns from a tokenized money market fund versus 3% from a bank savings account, and noted these funds can be used as collateral. Apex Group, which services more than $3.5 trillion in assets across 50 jurisdictions, recently partnered with droppRWA and Tokeny on regulated real-world asset products starting in Saudi Arabia.
- AI fever ignites a boom in thematic ETFs as fund managers hunt for their next big hit
Investor appetite for the next big market theme has grown after the AI trade's strong run, and Wall Street fund managers are launching a flurry of targeted thematic products. These funds let investors target areas ranging from robotics to the emerging space economy.
- Peter Schiff Says Buy Gold Near $4000 As Prices Sink From January High, Warns Of Currency Crisis Worse Than 2008
Gold bull Peter Schiff urges investors to buy gold and silver as metals slide alongside U.S. stocks, arguing this offers a better buying opportunity as inflation picks up again. Gold closed at $3,996, down about 1% on the day and about 29% below its January record of $5,608, while Schiff called silver “a great buy below $54.” He cited September producer prices rising 1.3%, the largest monthly gain in over four years and driven largely by energy, and said economic growth in the first two years of Trump’s second term trailed Biden’s last two. Schiff warned high borrowing costs, with the average 30-year mortgage rate at 7.32%, are setting up a crisis worse than 2008. CME FedWatch futures priced a 68.9% chance of another 25 bps hike in December.
- Chancellor has given good news to small businesses but he must do more
Baroness Ayesha Hazarika argues that small and medium-sized businesses are vital to the economy and to local communities, and that ahead of Wednesday's Budget, Chancellor John Healey should do more to back them despite some good news on cutting red tape. She cites a Brixton nail bar that employs young people and supports other local shops, but says such businesses are struggling under extra taxes and burdens. She calls for a clear signal of intent, ideally a modest tax-related break, for sectors such as retail, hospitality and beauty.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.