Donald Trump plans to revise tariffs on Canadian imports

Former U.S. President Donald Trump plans to revise or remove some tariffs on Canadian imports before the November election. The proposed changes are intended to assist Senator Susan Collins in Maine and respond to pressure from trade groups. Reports indicate that while some tariffs on Canadian goods are being removed, they may be replaced with tariffs on other products. The previous tariff rate on these Canadian imports was 50 percent. Concerns have been raised that these trade policies may increase prices for voters.

Businesses importing goods from Canada may see changes in sourcing costs and supply chain logistics.