tradewardaily

1. White House says the US is lifting tariffs on some Canadian goods. Susan Collins, a Republican in a tight race to keep her senate seat in next month's elections, said she had been working with the White House on tariff relief. ¹
2. Obama rips Trump's 50% tariffs on Canada at Detroit rally as trade war hits Michigan auto industry ²
3. Trump Threatened Ukraine and Russia with 200 Percent Tariffs ³
4. Trump eschews tariffs for trade talks on wind turbine imports. Following a Section 232 probe, the president tasked cabinet officials to engage in negotiations and report on their progress within 180 days. ⁴

President Donald Trump swapped 22 Canada tariffs for 100 others, effective Friday ⁵. Prime Minister Mark Carney said trade talks with the Trump administration have picked up slightly, but progress is because Washington is moving closer to Canada's demands ³.

President Trump stated he expects the trade war with Canada to end "pretty soon" ⁶. Brazil President Luiz Inácio Lula da Silva won a fourth, nonconsecutive term in the presidential election ². Diplomacy and Law reported that Lula's victory preserves a counterweight to President Trump's influence in Latin America amid tensions over trade and tariffs ².

Trump stated a Canada tariff deal is coming soon during a rally at the Michigan border ².

The Volkswagen division imports all cars from Europe or Mexico and has been hit hard by U.S. tariffs ¹. Trump defended tariffs at a rally while stating Audi will build a U.S. plant ¹.

Meat processors warned that higher pork tariffs could fuel inflation ³. Palladium tariffs and a 20-year production low are driving a rally ⁴. The trade deficit for goods hit a record high as U.S. tariffs rose from 2% to 10% in two years ⁵.

Hortidaily reports that U.S. tariffs could cost Chilean agriculture US$800 million over four years ³.

Fortune reports that a promise of 300,000 tons of tariff-reduced beef imports to reduce grocery costs falls short ⁴. Vinetur reports that the U.S. keeps a 10% tariff on Irish whiskey more than a month after a pledge by Trump ⁶.

Yahoo Finance reports that France urges Trump to give its wines and spirits the same tariff break as Irish whiskey ². Philstar.com reports that the DA backs hog raisers' tariff hike bid ⁵.

Donald Trump announced a $4.2 billion investment from the German carmaker Audi ¹. The CEO of Audi appeared at a campaign rally in Georgia to defend the company's move and the associated tariffs ¹. This will be the company's first factory in the United States ¹.

Chinese automakers are expanding manufacturing in Europe to avoid EU tariffs amid rising domestic competition ². ArcelorMittal is building a $100 million factory in Ontario during the Canada-U.S. tariff fight ⁴. The Government of Canada is investing in Prevost to improve supply chains and reduce U.S. tariff impacts ⁶.

1. Charted: $134B in U.S. Tariff Refunds vs. $119B Collected Since May ¹
2. Can the courts end Trump's illegal tariffs?. Can the courts end Trump's illegal tariffs? Peterson Institute for International Economics ²
3. The Federal Effect | Van Hollen on War, Tariffs, and Power After the Midterms ³
4. Congress Sharpens Its Message Against BJP, From Vote Theft to China and Trump’s Tariffs ⁴

Volvo Cars will cut 2,500 jobs, most of which are located in Sweden ³. This decision follows US tariffs and competition from China ³.

Chancellor Rachel Reeves plans to remove tariffs on staples including marmalade and gherkins as part of a pre-Budget package of "everyday fixes" ¹. The government's "everyday fixes" cost of living tariff cut plan also includes cuts for baked beans and chocolate ⁶. These moves are intended to give households "breathing space" ¹.