Trump's Tariff Shuffle on Canadian Goods Keeps Average Rate Steady, UBS Says

10:56 AM EDT, 10/27/2026 (MT Newswires) -- President Donald Trump's latest tariff revisions on Canadian imports are expected to leave the weighted-average tariff rate unchanged at 11.7%, according to UBS Global Research in a note. The tariff changes will take effect this Friday. Based on 2024 trade data, Canadian imports subject to the 50% tariff remain valued at roughly $21 billion, wrote UBS in a note dated Monday but made available to the media on Tuesday. The latest changes alter which goods are affected, lifting duties on products such as plywood and certain industrial goods while introducing tariffs on carpets, chemicals and other items.