Geopolitical events
On October 23, 2026, U.S. President Donald Trump issued a proclamation modifying the list of Canadian goods subject to additional import duties under Section 338 of the Tariff Act of 1930. The trade measure was instituted to counter Canadian trade restrictions and retaliatory policies affecting U.S. commerce, particularly concerning motor vehicles. The tariffs apply to covered imports regardless of their originating status under the United States–Mexico–Canada Agreement (USMCA) and supplement existing duties enforced under Section 232, with the revised product additions and removals taking effect on October 30, 2026.