Trump said on Thursday afternoon that he’d probably decide that evening on whether to apply his planned 25% tariff to Canadian oil.
There hasn't been any word on this. He may have decided but hasn't said anything. Or he may not yet have decided.
A tariff on oil from Canada would hit a major sector and raise the cost of gasoline, particularly in the Midwest.
Earlier:
- Market swings on headlines shows "how on edge everyone is around tariffs"
- Trump threatens BRICs countries with 100% tariffs if they create a new currency
The spike lower in CAD late on Thursday saw USD/CAD to a near five year high. I posted this chart earlier and USD/CAD hasn't done a lot since.
