Canada will not react to Trump’s announcement until examining the executive order

There is some real confusion about how much US-Canada trade is covered by Trump’s order to withdraw tariffs today. The White House indicated it was just 36% but they also noted that could shift and that might not have included some of the carve outs.

The White House also said just 50% of Mexican goods were covered while Sheinbaum said virtually all goods were covered.

Now there is a report saying Canada wants to study the order before responding, as it currently has $30 billion in tariffs in place and plans for another $125 billion in two-and-a-half weeks.

This article was written by Adam Button at www.forexlive.com.