USD surges as the market gets reminded of reality.
Trump says as one of his many first executive orders, he will charge Mexico and Canada a 25% tariff on all products coming into the US and will charge China ‘an additional 10% tariff’.
CAD is getting smashed … well everything excluding the USD is.
All those narratives about Bessant moderating Trump on tariffs. Gimme a break.
This article was written by Eamonn Sheridan at www.forexlive.com.
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