International politics is now a high school dramaSo, Trump was all like, “Let’s slap an extra 25% tariff on Canadian steel and aluminum,” which meant total duties shot up to 50%.
Why? Because Ontario put a 25% tax on electricity exports to the U.S. And Doug Ford? He was not having it—saying he’d “respond appropriately” and “not back down.” But —he totally backed down and scrapped the tax on electricity exports to Michigan, New York, and Minnesota.
And now, Trump just ditched the extra 25% tariff, and boom— USDCAD broke below the recent low of 1.43986
