Lark Davis(@LarkDavis):The US and Canada are actively negotiating to ease Section 232 duties on Canadian steel and autos before the November 3 midterms, as multiple sources have told Reuters. Canadian imports are currently hit with tariffs up to 50% on steel and 25% on autos, with Trump threatening to push both rates to 50% starting January 1, 2027. With Trump’s approval rating hovering around 32% and the trade friction creating political pressure in border states, both sides are looking for a targeted deal before duties jump higher.

Lark Davis

@LarkDavis

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Lark Davis@LarkDavis

2026.10.27 00:41

The US and Canada are actively negotiating to ease Section 232 duties on Canadian steel and autos before the November 3 midterms, as multiple sources have told Reuters. Canadian imports are currently hit with tariffs up to 50% on steel and 25% on autos, with Trump threatening to push both rates to 50% starting January 1, 2027. With Trump’s approval rating hovering around 32% and the trade friction creating political pressure in border states, both sides are looking for a targeted deal before duties jump higher.