Trumps is set to ignore all the oppositions from Republicans and business leaders and sign the order for steel and aluminum tariffs on Thursday afternoon at the White House. It’s being planned to hold at 3:30pm ET in the Roosevelt Room. A top White House trade advisor Peter Navarro said “the proclamation will have a clause that does not impose these tariffs immediately on Canada and Mexico”. But whether there will be permanent exclusion will depend on NAFTA negotiations. Press secretary also gave similar comments as “there are potential carve-outs for Canada and Mexico based on national security, and possibly other countries as well”.
Canadian dollar responded quite positively to the news with USD/CAD dipping sharply after failing to take out 1.3000.
