US and Canada close to deal to remove steel and aluminum tariffs – CBC

Citing two sources with knowledge of negotiations, Canadian Broadcasting Corporation (CBC) reported that the U.S. and Canada were close to reaching a deal to remove the 25% steel and aluminum tariffs that the U.S. started to impose last June.

“High-level discussions to hammer out any final details are happening now,  and the deal could be announced as early as Friday,” CBC wrote. 

With the intial reaction, the USD/CAD pair eased from daily highs above 1.35 and was last seen trading at 1.3485, adding 0.22% on the day.

Articles You May Like

GBP: If Johnson is confirmed as UK PM, Sterling would be at risk of weakening – Rabobank
EURUSD May Extend Decline if Eurozone CPI Misses Estimates
Gold Price Rally Hits Forecast Target – What’s Next for XAU/USD?
EURUSD May Rise if Sentiment Data Amplifies Fed Rate Cut Bets
CFTC Commitment of Traders: GBP shorts remain the largest speculative position

Leave a Reply

Your email address will not be published. Required fields are marked *