Daily Market Updates: Trump pauses 50% Canada tariffs for a three day period

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Trump pauses 50% Canada tariffs for a three day period

The temporary pause came just before the tariffs were due at midnight US Eastern time, and USD/CAD slipped from about 1.3900 to 1.3880.

Reported · Written up by our desk · Major Pairs

Forexlive reports that Trump paused new 50% tariffs on Canada that were scheduled to take effect at midnight US Eastern time, describing a tentative deal.

The outlet said the pause coincided with a drop in USD/CAD, which moved lower from around 1.3900 to about 1.3880.

Forexlive added that the tariff pause is set for a three day period.

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Sources

ForexliveTrump pauses 50% Canada tariffs for 'three day period'

Forex

Trump pauses 50% Canada tariffs for a three day period

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Sources

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