Trump adjusts Canada tariffs days before midterms, adding more items than removing.

President Trump signed a proclamation on October 23, 2026, reshuffling which Canadian goods face his 50% tariffs, removing items like plywood and packing crates but adding others such as carpets and vinyl flooring. The broad tariffs on about $20 billion of Canadian products remain largely in place, with limited immediate market impact. The timing, just 11 days before the U.S. midterm elections, has political implications, especially in tight races like Maine's. A pending court case challenging the tariff law could have a bigger effect on Canadian companies than these tariff adjustments. Investors are watching for post-election developments that might ease trade tensions further.

On Pluang, the iShares MSCI Canada ETF (EWC) trades at USD 60.69, down 0.41% as of Oct 24, 2026 18:51 WIB. Royal Bank of Canada (RY) shares are priced at USD 201.17, showing a 0.44% decline at the same time. The typical holding period for EWC on Pluang is 59 days, reflecting moderate investor engagement with Canadian market exposure amid tariff adjustments.