Donald Trump has instructed the Secretary of Commerce to impose additional tariffs ranging from 25% to 50% on all steel and aluminum imported into the United States from Canada. The dollar is strengthening following this announcement. The changes will take effect starting tomorrow.

Source: TruthSocial, Trump
Furthermore, Trump added that tariffs on cars imported into the US will increase significantly from April 2 if other tariffs are not lowered by Canada.

Source: xStation
Daily Summary: Friday offers no relief; the US100 drops 2%๐จ
Three Markets to Watch Next Week (October 16, 2026)
Strong US macro data ๐ฝ Industrial production and prices rise
๐ผ EURUSD continues to rebound