Trump's team hinted at a more measured approach to trade, sharing an executive order on tariff investigations with the Wall Street Journal. This eased the Canadian dollar's value temporarily. However, during the signing ceremony, Trump contradicted this narrative by considering a 25% tariff on Canadian and Mexican goods, causing the dollar to surge. Analysts suggest a disconnect between Trump's aides' strategies and his personal protectionist policies, signaling ongoing internal debates about the direction of trade policy.
Trump's approach to trade is being described as 'measured,' but there are ongoing signals that he is considering significant tariffs on Canada and Mexico.
Even as Trump's team presented a softer narrative regarding tariffs, he indicated a potential 25% tariff during a signing ceremony, reflecting his protectionist tendencies.
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