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Trump’s Oct. 30 Tariff Swap: Who Wins, Who Loses, and What It Means for Your Wallet

  Canadian Money Brief • October 27, 2026 Washington just reshuffled the 50% tariffs on Canadian goods. Seaweed and packing boxes are out. Vinyl flooring, cocoa powder and shampoo are in. Here is who comes out ahead, who doesn't, and what to do with your money before the changes take effect on Oct. 30. The short version This is a reshuffle, not a rollback: more products are going onto the 50% list than coming off it, according to a KPMG Law trade lawyer. Politics is the driver. The exemptions followed U.S. Sen. Susan Collins' push, 10 days before the U.S. midterms. Canada's own counter-tariffs, which affect prices in your store, are not changing. A broad trade deal before the midterms looks unlikely. What's coming off, what's going on The White House changes take effect at the end of this month. Reports from CTV News and Money.ca describe the swap this way: Coming off the 50% list Going onto the 50% list Seaweed Packing boxes Some plywood sheets Certain paper and pl...
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Trump Ordered to Pay $454 Million in New York Fraud Case

 


In a significant legal development, former President Donald Trump has been formally ordered by a New York judge to pay more than $454 million after being found liable for manipulating his net worth. The civil fraud case was brought by New York State’s Attorney General, Letitia James.

Judge Arthur Engoron ruled that Trump had consistently misrepresented his wealth over several years to secure favorable loans and facilitate real estate deals. As a result, he was directed to pay $354.9 million in penalties along with nearly $100 million in interest. This staggering judgment leaves the former president facing substantial financial consequences.

Trump now has a 30-day window to appeal the verdict, a course of action he has publicly vowed to pursue. During this period, he must either deposit “sufficient funds” into a court-controlled account or secure a bond for the total amount. New York Attorney General Letitia James has also indicated that she may seek to seize some of Trump’s assets if he fails to cover the bill, although the appeal process is likely to delay any collection efforts.

As the clock starts ticking on Trump’s appeals, the eyes of legal experts and the public remain fixed on this high-stakes case. Whether the former president can successfully challenge the judgment or whether it will stand as a landmark decision in New York’s legal history remains to be seen.


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