Trump Confirms Tariffs, Causing Currency Drop in Canada and Mexico

Reported about 4 hours ago

The Canadian dollar and Mexican peso fell sharply as President Trump announced that 25% tariffs on products from both countries will take effect on Tuesday, March 4, with no possibility of negotiation for reprieve. This has triggered a sell-off in their currencies, with the loonie dropping to 1.453 and the peso to 20.75 against the US dollar.

Source: YAHOO

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