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Sept 15 Tariff Shift: What's Actually Changing on Canadian Goods (And What Isn't)

  Published September 12, 2026 At 12:01 a.m. ET on Tuesday, September 15, a new round of U.S. tariff changes takes effect on Canadian goods. If you've seen headlines calling this a "new 50% tariff on Canadian steel, aluminum and paper," here's the more accurate story: it isn't a new tariff at all. It's the U.S. reshuffling which products fall under a 50% tariff that's already been in place since August 22 — adding some categories, removing others, on the same day. Here's what's actually happening, and why it matters more to Canadian manufacturers and cross-border shoppers than to your everyday grocery bill. The tariff this modifies Back on August 22, 2026, the U.S. imposed a 50% tariff under Section 338 of the Tariff Act of 1930 on roughly $20 billion CAD of Canadian goods. The White House framed it as retaliation for Canadian "discrimination" against U.S. alcoholic beverages, dairy, and motor vehicles — three separate proclamations, eac...
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Inflation Eases in May as Consumer Prices Rise at Slower Pace

 

A closely-watched report on U.S. inflation showed consumer prices cooled during the month of May, according to the latest data from the Bureau of Labor Statistics released Wednesday morning. Here are the key points:

  1. Consumer Price Index (CPI) Trends:

    • The CPI remained flat over the previous month.
    • Prices rose 3.3% over the prior year in May, which is a deceleration from April’s 0.3% month-over-month increase and 3.4% annual gain in prices.
    • Both measures beat economist expectations.

  2. Factors Contributing to the Slowdown:

    • A decline in energy prices, led by a drop in gas prices, contributed to further downward pressure on headline CPI.
    • On a “core” basis (excluding volatile food and gas costs), prices in May climbed 0.2% over the prior month and 3.4% over last year — cooler than April’s data.
    • Again, both core measures exceeded economist estimates.

  3. Federal Reserve Implications:

    • The inflation report arrives just ahead of the central bank’s policy decision at 2 p.m. ET.
    • Investors are closely watching this data point to shape future Federal Reserve interest rate policy.

In summary, while inflation remains a concern, the May data suggests a moderation in price increases. The Federal Reserve’s response will be crucial in navigating the economic landscape.


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