Re Canada tariffs – US official says Trump is set to keep tariff exemption for USMCA goods

Earlier:

• Trump letter 35% tariff on Canada. Trump has hit Canada very nard with a 35% tariff rate.
• Trump says will send tariff letters informing EU, Canada of the rates by Friday
• Trump’s letter to Canada – The Canada dollar has fallen sharply with Trump’s 35% tariff rate on the country

• The USD has jumped higher, EUR, AUD, NZD, GBP, JPY, CHF and CAD all sharply lower

This clarification has given the CAD a bit of a bounce back after its earier fall:

This article was written by Eamonn Sheridan at www.forexlive.com.