People familiar with the matter revealed that the US is expected to abolish 50% tariffs on some Canadian products to help Maine Senator Susan Collins and other Republicans face the upcoming midterm elections. The relevant action can be implemented as early as this Friday. The presidential announcement to adjust tariffs may abolish 50% tariffs on some agricultural and forestry products, but people familiar with the matter stressed that there are still variables in the coverage and implementation time of the measures. The US side may simultaneously raise import tariffs on other Canadian goods to hedge against the impact of this tariff reduction.

People familiar with the matter revealed that the US is expected to abolish 50% tariffs on some Canadian products to help Maine Senator Susan Collins and other Republicans face the upcoming midterm elections. The relevant action can be implemented as early as this Friday. The presidential announcement to adjust tariffs may abolish 50% tariffs on some agricultural and forestry products, but people familiar with the matter stressed that there are still variables in the coverage and implementation time of the measures. The US side may simultaneously raise import tariffs on other Canadian goods to hedge against the impact of this tariff reduction.