Trump reiterates 25% tariffs on Mexico and Canada

  • Trump made the comment at a chip fab announcement
Trump announces chip factories

“Tomorrow – 25% on Canada, 25% on Mexico," Trump said.

USD/CAD jumped about 60 pips on the comment and US equities slumped. We will see what happens by the deadline.

He also reiterated the April 2 reciprocal tariffs.

  • Zelensky should be more appreciative
  • Doesn't think Ukraine minerals deal is dead
  • Says they will make deals with 'everybody' to end the war in Ukraine
  • Says there is no room left for Canada and Mexico to make a deal

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