Canada Carney: Latest tariff threat are a violation of USMCA

He will look at all options if the United States goes ahead with latest tariff threats He does not want a partial trade agreement with the United States, wants a deal that addresses all critical sectors Provinces will be responsible for lifting their bans on US alcohol and should only do so as part of an overall trade deal with the US. E arlier in the day, U.S. Trade Representative Jamieson Greer emphasized that the administration remains committed to negotiating with Canada despite the latest escalation in trade tensions. Greer said discussions with Canadian officials remain constructive and have not been suspended, adding that the U.S. has spent the past year urging Canada to remove its retaliatory tariffs. He reiterated that President Trump's objectives are to reduce the U.S. trade deficit with Canada and encourage more manufacturing to return to the United States. Greer also stressed that trade disputes between the two countries are not new and that any agreement must ultimately produce better outcomes for U.S. businesses. From a market perspective, the USDCAD has responded by pushing back above its 200-hour moving average at 1.4085, giving buyers the technical edge. Holding above that moving average keeps the near-term bias tilted to the upside. A move back below would weaken the bullish case and shift the bias back toward neutral, with the 100-hour moving average at 1.40417 serving as the next key support level. This article was written by Greg Michalowski at investinglive.com.

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Canada Carney: Latest tariff threat are a violation of USMCA — Image · Forexlive

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5-point summary · 1 min

Trade Representative Jamieson Greer emphasized that the administration remains committed to negotiating with Canada despite the latest escalation in trade tensions.
Greer said discussions with Canadian officials remain constructive and have not been suspended, adding that the U.S. has spent the past year urging Canada to remove its retaliatory tariffs.
He reiterated that President Trump's objectives are to reduce the U.S. trade deficit with Canada and encourage more manufacturing to return to the United States.
From a market perspective, the USDCAD has responded by pushing back above its 200-hour moving average at 1.4085, giving buyers the technical edge.
A move back below would weaken the bullish case and shift the bias back toward neutral, with the 100-hour moving average at 1.40417 serving as the next key support level.

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·1h ago

Secretary of War Hegseth needs more money for war

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·2h ago

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·2h ago

AUDUSD reached key technical target and backed off. MA target approached on the downside

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·4h ago

Trump meets with Lebanese President Joseph Aoun in the White House

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