WH economic council director says Trump will decide what he will or won’t call off

• We have noticed that Mexico is “serious” about Trump’s executive order
• Canada appears to have misunderstood the language
• Trump has given Canada and Mexico an enormous amount of leverage
• Outcome is likely to be positive for everyone involved

The language seems to dictate that there is scope for talks before the tariffs come into effect. But time is an issue here, we’re less than 24 hours before the due date tomorrow. In any case, USD/CAD is now seeing gains cut back to just 0.5% to 1.4600 on the day.

This article was written by Justin Low at www.forexlive.com.