The Trump administration plans to remove 50% tariffs on some Canadian goods, aiming to support Republican candidates.

The Trump administration plans to remove the 50% tariffs on some Canadian agricultural and forestry products, with an announcement expected as early as Friday. However, the U.S. may also raise tariffs on other Canadian goods to offset the impact of the tariff cuts. Trump imposed a 50% tariff on approximately $200 million worth of Canadian goods at the end of August, a move aimed at helping Maine Republican Senator Susan Collins and other Republican candidates in the midterm elections. (Source: Wall Street Journal)