News & Events zu TC Energy Corp (TRP)TRPTC Energy Corp

Trump Announces Canada Auto Tariffs to Increase to 50%

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.TARIFFS:President Donald Trumpin a post to Truth Social, "Canada has been ripping off the United States of America for years. Their ridiculously high tariffs on our Farmers and farm products has made life impossible for these great American Patriots, and has long created a 60 Billion Dollar Deficit between our two Countries. Not sustainable, and NOT ANYMORE! On January First, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%. Build in the U.S. and there are ZERO TARIFFS. Canada will be treated like a State no longer! On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON'T NEED CANADA, THEY NEED US! They do 95% of their business with the U.S., with us, the exact opposite! Thank you for your attention to this matter!" Publicly traded automakers include Ford, General Motors, Honda, Lucid Group, Mercedes-Benz, Nissan, Rivian, Stellantis, Tesla, Toyotaand Volkswagen.SETTLEMENT:When the Justice Department was preparing a legal battle more than a decade in the making against Live Nation, President Trump called and told a senior official to settle the matter, Rebecca Ballhaus, Joe Palazzolo, Dana Mattioli, Josh Dawsey, and Dave Michaels of The Wall Street Journal. The antitrust trial against Live Nation was two days away when Trump made the call, and DOJ officials and Live Nation had spent months exchanging settlement proposals but had little to show for it. White House involvement in law-enforcement matters is a regular event during Trump's second term, but many regard this political interference to be extreme.LOW-COST INTERCEPTORS:Powerusis expanding UAE production of its low-cost Guardian drone interceptor as the Iran war highlights the cost and logistical strain of using expensive U.S. air defenses against mass drone attacks, with production targeted to reach 15,000 units monthly by mid-2027, The New York Times' Farah Stockman and Ismaeel Naar. Powerus is seeking to manufacture its systems closer to the countries that need them rather than relying entirely on production inside the U.S., according to the report.KEYSTONE XL:President Donald Trump has suggested reviving the Keystone XL oil pipeline may happen when he said the U.S. was close to reaching a trade deal with Canada to avoid tariffs, Ryan Dezember of The Wall Street Journal. Pipeline developers, however, have already pieced together an alternative to the Keystone expansion. This alternative would serve the same function as the Keystone XL pipeline, but without the name. The alternative pipeline even intends to use portions of the stalled Keystone project and may face similar opposition. Companies in the space include TC Energyand ConocoPhillips.

Company Reports Q2 Comparable EBITDA of C$2.9B

Reports Q2 comparable EBITDA C$2.9B vs. C$2.6B last year. CEO Francois Poirier commented, "Driven by safe and reliable operations, we delivered strong financial results in the first half of 2026 and now expect to be at the upper end of our 2026 comparable EBITDA outlook range of $11.6B-$11.8B. Our performance continues to underscore the strength of our diversified portfolio and our ability to consistently deliver low-risk, repeatable results. Over the past six months, we have sanctioned approximately $3B of new growth projects across our North American natural gas portfolio, including the announcement today of three natural gas pipeline projects. Two of these projects expand our U.S. natural gas footprint and are expected to deliver a weighted average build multiple of approximately 5.8 times, supported by 20-year take-or-pay contracts. In Canada, the third project represents another step in expanding the NGTL System to serve growing customer demand through our Multi-Year Growth Plan. Together, these investments reflect our disciplined approach to advancing capital-efficient, low-risk growth opportunities that create long-term value for shareholders."