US and Canada close to deal to remove steel and aluminum tariffs - CBC

Eren Sengezer FXStreet

Citing two sources with knowledge of negotiations, Canadian Broadcasting Corporation (CBC) reported that the U.S. and Canada were close to reaching a deal to remove the 25% steel and aluminum tariffs that the U.S. started to impose last June.

"High-level discussions to hammer out any final details are happening now, and the deal could be announced as early as Friday," CBC wrote.

With the intial reaction, the USD/CAD pair eased from daily highs above 1.35 and was last seen trading at 1.3485, adding 0.22% on the day.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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