B · Normal
[The United States adjusts the scope of application of additional tariffs on Canadian goods] On October 24, the White House issued an announcement on the 23rd that U.S. President Trump signed a document that day to adjust the scope of application of additional tariffs on Canadian goods. The relevant adjustments will take effect from October 30, Eastern Time. According to information released by the White House, relevant adjustments are made in accordance with Section 338 of the Smoot-Hawley Tariff Act. Products such as plywood, bleached paper, cardboard, and plastic boxes will no longer be subject to an additional 50% ad valorem tariff, while valves, carpets and other products will be subject to an additional 50% ad valorem tariff. Several foreign media have analyzed that Canadian goods exempted from additional tariffs are crucial to the state of Maine in the United States. Trump made the above adjustments under the pressure of the congressional midterm elections to help Republican Senator Susan Collins gain support in Maine's fierce re-election campaign. Trump signed multiple announcements on July 20, imposing an additional 50% tariff on hundreds of specific goods imported from Canada, including red wine, hockey sticks and cement, in accordance with Section 338 of the Smoot-Hawley Tariff Act. He signed a document on September 8 to adjust the scope of Canadian products subject to this tariff measure. (Xinhua News Agency)
Global market intelligence 🕐 2026-10-24 08:12

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