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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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Hopes for a swift resumption of peace talks to resolve Cyprus’ long-standing ethnic division were dashed as Turkish President Recep Tayyip Erdogan reaffirmed his support for a two-state solution. Speaking ahead of a military parade commemorating the 50th anniversary of the Turkish invasion that split the island, Erdogan dismissed the United Nations-endorsed plan for a federated Cyprus, which Greek Cypriots have long supported.

Erdogan’s remarks came as a blow to those advocating for a unified Cyprus. The Turkish president emphasized that a federal solution is not feasible, insisting that the rights of Turkish Cypriots must be recognized through a two-state arrangement. This stance complicates efforts by U.N. Secretary-General Antonio Guterres and his envoy, Maria Angela Holguin Cuellar, who have been working to bring both sides back to the negotiating table.

The anniversary of the invasion is marked differently across the island. In the north, Turkish Cypriots celebrate what they view as liberation from Greek Cypriot dominance, while in the south, Greek Cypriots mourn the invasion’s devastating impact, which left thousands dead or missing and displaced a significant portion of the population.

Erdogan’s firm position underscores the deep-seated divisions that continue to hinder peace efforts. As both sides remain entrenched in their views, the path to reconciliation appears increasingly uncertain.


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