Published: 2025-07-11T02:08:32.000Z
USD/CAD flows: Trump hit Canada with 35% tariff

FX Analyst
2
Trump hit Canada with 35% tariff, excluding USMCA goods
The Loonie is off to a terrible on Friday's Asia session as Trump hit Canada with 35% tariff, excluding USMCA goods. The beginning date is the same with other countries on the 1st of August. USD jumped across board as Trump also suggest 15-20% tariff on countries that did not receive the "letter".
USD/CAD jumped to 1.3731 before retracing partial gains to 1.3694 currently, up 0.28% for the session.