...but will need to retaliate
Meanwhile Sen. Menendez adds:
- after meeting with Canadian Foreign Minister, says Canadian steel and aluminum are not a national security threat to the US
- US should not give the back of its hand to one of its closest allies.
Canadian Foreign Minister Freeland adds:
- after meeting US senators, use of national security rationale to impose tariffs on aluminum, steel is absurd
- US trade action against Canada is a illegal under WTO rules
- US has to remove unfair tariffs from Canada
- Canada, Mexico, US should continue working on modernization of NAFTA trade deal
The USDCAD has been following the path of the dollar through the Powell presser.
It currently trades off the highs after testing a swing level in the 1.3037-46 area (high reached 1.30509)
