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Trump Delays Imposing 25% Tariff on Canada & Mexico Until Apr 2
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US President Donald Trump has postponed the imposition of tariffs on Canada and Mexico by another month, meaning that these tariffs will now be implemented on April 2. Following the news, the MXN and CAD both saw a temporary rise. USD/CAD last rose by 0.1% to 1.433, while USD/MXN appreciated by 0.9% at one point but last faded by nearly 0.3% to 20.395. This delay came two days after Trump announced that the 25% tariff would be implemented earlier on March 4. Trump made this statement during his first cabinet meeting held in Washington on Wednesday. AAStocks Financial News |
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