March 04, 2025 at 05:43PM
Here’s Trump’s latest on Truth Social:
Please explain to Governor Trudeau, of Canada, that when he puts on a
Retaliatory Tariff on the U.S., our Reciprocal Tariff will immediately
increase by a like amount!
That’s great. The fear in a trade war is always unlimited escalation.
Markets have taken more of a constructive view in the past few hours but we will see how this lands. USD/CAD briefly touched a session high at 1.4543, up about 20 pips but has been somewhat reeled in.
This article was written by Adam Button at www.forexlive.com.
Trump says he will hit Canada with reciprocal tariffs if Canada retaliates