tradewardaily

1. Trump administration cancels some Canada tariffs amid close midterm races. Sen. Susan Collins, who’s in a tough re-election fight, said she secured from the Trump administration tariff exemptions on some agricultural and forestry items. ¹
2. Higher tariffs on Canadian imports would be 'catastrophic,' Honda exec says ²
3. Trump opts for trade talks over tariffs for robotics, industrial machinery. For the second time this month, the president directed cabinet officials to negotiate over imports deemed a threat to U.S. commerce and security by a Section 232 probe. ³
4. U.S. tariffs loom large over Ontario’s annual budget as first look shows $16.9B deficit ⁴

Canada signed a trade deal with the United Arab Emirates to target non-US markets ³.

The United States government reported that Canada has treated the U.S. "extremely nicely" following tariff pressure ⁴. The Clinton Herald reported that U.S. businesses are hedging their bets on North American trade as tariffs and trade disputes show no signs of abating ⁵.

Fortune reported that Volkswagen posted a $6.8 billion quarterly loss with a China slump, Trump tariffs, and a Porsche writedown ⁶. Yahoo Finance reported that Trump's Trade Chief questioned the EU tariff truce after a "record-breaking" loan for Airbus ¹.

Caterpillar shares fell as tariff costs and rising inventories overshadowed earnings ⁶.

The Toronto Sun reported that Doug Ford increased spending as tariffs dragged down Ontario's economy ³. Uprise RI reported that Providence school rebuilds face costs from tariffs and inflation ⁴.

Medtech Insight reported that Baxter raised 2026 guidance while identifying cephalosporin exit, tariffs, and inflation as 2027 variables ¹. Benzinga reported that Peter Schiff called Trump's tariffs a "complete failure" after the September trade deficit reached $134.9 billion ².

A UK farmers' union stated that tariff cuts are unlikely to reduce fertiliser costs ².

A tariff pause by Trump angered some US ranchers and increased Brazilian beef imports ³.

Mexico warned that US farm tariffs could spark a trade war ⁴.

The Canadian fisheries minister used a Chinese seafood trade show to push closer ties while tariffs persist ⁵.

Non-tariff barriers cost the meat sector more than $1.5b a year ⁶.

Senator Schumer introduced legislation to end tariffs and lower prices in communities across Central and Northern New York ¹. The legislation is aimed at addressing the impact of the tariff war on families and businesses in the region ¹.

Trump is promising automakers tariff relief if they commit to U.S. factories ². Automakers face rising costs from tariffs, diesel, and computer chips ⁶. A Barrie manufacturer is looking beyond the auto industry due to tariff uncertainty ⁵.

Carrier reported third-quarter earnings and sales beat driven by HVAC demand and tariff refunds ³. ACCO Brands reported a third-quarter earnings per share beat that relied on a tariff refund as revenue lagged ².

TradingView reported that tariff refunds lifted 9 million in earnings for ESCA as third-quarter sales softened and gross margin improved ⁶. Barron's reported that tariff refunds boosted stocks for Polaris and Logistics ¹.

Colombian merchants are calling for the elimination of a 40% tariff on imported clothing ¹.

British baked beans are under threat from Burnham tariffs ³.

Gas suppliers announced November rates where monthly prices rise while annual tariffs remain stable ⁴.