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

Canada: Retail sales to continue with the run of strong economic data – RBC
USD/JPY climbs to weekly tops, now aiming to reclaim 110.00 handle
AUD May Trim Election Gains as Yen Rebounds on Powell Speech
Oil technical analysis: The downside prevails below $64.00 a barrel
GBPUSD Extends Drop, Chinese Yuan in Freefall, Beware of Currency Intervention – US Market Open

Leave a Reply

Your email address will not be published.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