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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 Proposes 25% Tariffs on Autos, Pharmaceuticals, and Semiconductor Chips

 

In a move that could significantly impact international trade, former President Donald Trump has announced plans to impose 25% tariffs on automobile, pharmaceutical, and semiconductor chip imports. The announcement was made during a press briefing at his Mar-a-Lago estate in Florida, where he outlined his intentions to reshape global trade policies.

Trump stated that the tariffs on auto imports would be "in the neighborhood of 25 percent" and are set to be implemented as early as April 2. This date coincides with the day his cabinet members are expected to deliver reports outlining options for various import duties. The proposed tariffs aim to address what Trump perceives as unfair treatment of U.S. automotive exports in foreign markets.

In addition to automobiles, Trump plans to impose similar tariffs on imported semiconductors and pharmaceutical goods. He mentioned that the government could collect 25% or higher in taxes for these imports, with the rates potentially increasing over the course of a year. Trump emphasized that he wants to give companies in these industries some time to build factories in the U.S. to avoid the new tariffs.

The proposed tariffs have raised concerns among economists and industry experts, who warn that they could lead to higher prices for consumers and increased costs for businesses. The automotive industry, in particular, could see significant price hikes, as nearly half of vehicle sales in the U.S. last year were imported from foreign countries.

Trump's announcement is part of a broader effort to promote "balanced" trade with foreign markets and encourage the reshoring of strategic industries. While the proposed tariffs could have far-reaching effects, Trump believes they will ultimately benefit the U.S. economy in the long run.


: [Yahoo News](https://ca.news.yahoo.com/trump-plans-to-impose-25-percent-tariffs-on-automobile-and-semiconductor-imports-130044480.html)

: [CBC News](https://www.cbc.ca/news/canada/windsor/trump-tariffs-pharma-chips-auto-25-percent-1.7462509)

: [MSN](https://www.msn.com/en-us/money/markets/trump-plans-to-impose-25-tariffs-on-autos-chips-and-pharmaceuticals/ar-AA1zkWCA)

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