Trump Suggests Possible Reduction in Canadian Tariffs

USD/CAD

President Donald Trump has signaled that his administration is reviewing tariffs on Canadian steel and aluminum, suggesting that a reduction may be on the table. Speaking to reporters, Trump stated that he is “looking at” scaling back the duties but did not specify a timeline or exact terms.

“We’re evaluating the situation,” Trump said. “Canada is an important trade partner, and we want to ensure fair and reciprocal trade.”

The tariffs, originally imposed as part of Trump’s broader trade strategy, have faced criticism from industry leaders on both sides of the border. Canadian officials have expressed optimism about a possible reduction, urging the U.S. to provide clarity on its plans.

While some experts argue that lowering tariffs could boost manufacturing and reduce costs for businesses, Trump emphasized that any decision would prioritize American workers and industries.

For now, businesses and policymakers in both nations await further details on whether Trump will move forward with easing trade restrictions.

ForexWorldTV Team

ForexWorldTv Team