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Canadian dollar slips as U.S. plans 50% auto tariffs starting in 2027

USD/CAD was up 0.5% to around 1.3830 as the U.S. said it would raise auto tariffs on Canadian vehicles, trucks, and parts effective Jan. 1, 2027.

Reported · Written up by our desk · Major Pairs

CNBC Markets reports that President Donald Trump said the U.S. will raise tariffs on imports of cars, trucks, and auto parts from Canada to 50% starting Jan. 1, 2027.

FXStreet reported that the Canadian dollar weakened as a result, with USD/CAD extending its advance Monday and trading around 1.3830, up 0.52% on the day at the time of writing.

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