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Breaking Posted 10 hours ago

US-Canada trade war escalates as tariff talks collapse

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US-Canada trade negotiations broke down Friday, triggering tariffs on Canadian goods from hockey sticks to medical supplies. PM Carney said Canada was 'attacked'; Trump countered via social media. USD/CAD weakness likely as Canadian growth outlook dims and safe-haven flows compete with tariff-inflation expectations.
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9 hours ago

US-Canada 50% tariffs take effect; trade talks collapse

The U.S. and Canada have imposed reciprocal 50% tariffs on select goods following failed trade negotiations, with U.S. Trade Representative Jamieson Greer detailing the breakdown in Saturday talks. USD/CAD faces directional pressure from tariff escalation; however, markets are currently repricing Fed rate-cut expectations post-July FOMC minutes, making this a secondary theme to hawkish Fed repricing.

https://thehill.com/homenews/administration/6045425-live-updates-canada-trade-war-indycar-race/
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