Trump signed a long list of Executive Orders late in the US afternoon, but did not do so on tariffs. He did, however, float a number of ideas on what he might do with tariffs:
25% tariffs on Mexico & Canada could start in 10 daysChina could be hit with major tariffs if they don't sell TikTok, suggests 100% as possibilityA universal tariff on all countries is still on the tableIt was that first remark, 25% for Mexico & Canada in ten days that hit markets like a hammer. Major FX dropped against a resurgent US dollar. USD/CAD rose to circa 1.4515, while EUR, AUD, NZD, GBP, CHF and JPY dropped hard.
USD/JPY had dipped briefly below 155.00 before it was shunted to highs around 156.20.
USD/JPY began dropping away again as Trump’s remarks were examined in light of him requesting a report from the Secretary of Commerce by April 1, 2025. USD/JPY fully retraced and then dropped under 155.00 to lows circa 154.79.
For those who were around for Trump’s first term you’ll recall what he says does not always match up with facts (in this case April 1 is not 10 ten days away!), but he does create market movement!
This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about forexlive asia pacific fx news wrap trump canada mexico tariffs remarks trigger fx swings was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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