The Canadian dollar is back to where it was before Trump threatened a 35% tariff its largest export destination.
The market was clearly skeptical from the get-go, and even more so when a US official was cited as saying that USMCA goods would be exempted from the tariffs. The trade agreement covers virtually all goods that flow across the border so it's essentially a tariff on nothing.
Still, it's a sign of how poorly US-Canada negotiations are going and the USMCA agreement is up for renegotiation next year. It's also an indication of how infatuated Trump is with tariffs -- and there are EU tariffs likely coming today.
Zooming out, the Canadian economy has performed better than almost anyone thought it would this year given headwinds from Trump and housing. It's been remarkably resilient and the early indications around Carney's plans have been well-received as well.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about canadian dollar erases the trump tariff drop 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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