USD/CAD touches the lowest since December 17 after tariff reprieve – ForexLive
The Canadian dollar has moved significantly today, trading in a 220 pips range. The pair rose to a year-to-date high of 1.4485 on concerns that President Trump could impose first-day tariffs of up to 25% on Canada, sparking retaliation and a trade war. But the WSJ report emphasized that President Trump only plans to sign […]
Gold News: Trump Tariff Fears Drive XAU/USD Hedging Demand – FX Empire
Gold remains above key $2,700 level despite pullback spot gold It remains above $2,700 and is up 0.51% this week. Friday's slight pullback can be attributed to profit-taking rather than a major reversal in the market. Earlier this week, gold hit a one-month high and is just $65 shy of its October all-time high of […]
House Dems threaten to block Trump’s big tariff plans: ‘Unacceptable’
House Democrats are trying to block President-elect Donald Trump from enacting sweeping tariff plans days before he takes office. The new bill, led by Reps. Susan DelBene, D-Wash., and Don Beyer, D-Virginia, and supported by 11 other Democrats, would allow President Trump to use his executive emergency powers to increase import taxes. The contents will […]
Canada sends Trump 'message' with retaliatory tariff talk
Canada needs to send a “message” to President-elect Trump about tariffs, one provincial leader said Wednesday, along with Prime Minister Justin Trudeau, who said the threatened tariffs were unnecessary. The outgoing leader said Canada will respond “with purpose, forcefully and decisively” if the Trump administration imposes tariffs. Prime Minister Trudeau: 'We won't sugar coat it'said […]
A tariff on Canada would be self-inflicted damage for America
Tariffs can be counterproductive, especially when imposed against long-time allies. What if President-elect Donald Trump carries out his threat? and impose a 25% tariff on all Canadian exports.it would have a negative impact on the Canadian economy. But it would cause a new surge in inflation, hurting the American economy, many businesses, and especially ordinary […]
Canada seeks minerals partnership with US amid tariff threats
Where President-elect Trump sees a rivalry, he sees a potential friend in Canada. America's northern neighbor is considering an energy and minerals partnership with the United States this week, Canadian Energy and Natural Resources Minister Jonathan Wilkinson told The Hill on Tuesday. “We're also putting together an idea that is essentially an energy and minerals […]
Canada prepared to buy more from US amid Trump tariff threats: Ambassador
Canada's ambassador to the United States has asserted that the country is ready to increase imports from the United States in response to President-elect Donald Trump's threat to increase tariffs. “We want to source as much as possible from the United States, and we have some large-scale military procurements coming up, for example to replace […]
Stock market today: Asian shares slide further as rate cut, tariff worries hit market sentiment – Yahoo Finance
NEW YORK (AP) — U.S. stocks are plummeting on concerns that: Good news on Friday's job market perhaps Too good And maintaining it will prove to be bad for Wall Street. inflation and interest rate expensive. The S&P 500 fell 1.5% in intraday trading, marking its fourth decline in the past five weeks. As of […]
Trump’s Greenland tariff plan could raise prices for Ozempic, Legos
President-elect Donald Trump's threat to impose tariffs on Denmark to force it to abandon Greenland could lead to higher prices for popular weight-loss drugs Ozempic, Wigobee and Lego toys, according to a report. On Monday, President Trump said he would impose “very high tariffs” on Denmark if it did not admit the icy autonomous region […]
USD/CHF holds below 0.9050 on Trump tariff confusion – FXStreet
In early European trading on Tuesday, USD/CHF lost momentum to near 0.9040. President Trump's tariff confusion and cautious mood are pushing up the Swiss franc against the US dollar. The Fed's cautious stance may limit the market's downside. USD/CHF is trading weakly around 0.9040 in early European trading on Tuesday. The U.S. dollar (USD) has […]