Canada shouldn’t expect instant tariff relief after Donald Trump’s midterm defeat: Experts

Financial Post · Noella Ovid · 2026-11-04 20:01 UTC

The trade war between Canada and the U.S. appears to have played a role for voters in states with strong trade and economic ties with Canada

The massive win by Democrats in Tuesday’s midterm United States election was a clear rebuke of President Donald Trump’s policies, including the trade war with Canada, but don’t expect that to turn into immediate tariff relief, particularly for the auto sector, analysts say.

The Republican Party lost control of both houses of Congress in a historic midterm election, with Democrats flipping at least seven Senate seats as of Wednesday, including in long-held Republican areas, such as Texas, Kansas and South Carolina.

The election, dubbed by many analysts as a referendum on Trump's presidency, was marked by voters’ concerns over affordability and the cost of living, spurred by high gas prices resulting from the U.S. war with Iran.

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