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USD/CAD corrects to near 1.3640 as Trump announces new tariff rates

FXstreet.com Tuesday, 8 July 2025 ()
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News video: TRUMP TARIFF BLITZ | 20–30% Tariff THREATS Sent to 6 More Countries in Fiery Move

TRUMP TARIFF BLITZ | 20–30% Tariff THREATS Sent to 6 More Countries in Fiery Move 03:14

President Trump has issued new tariff letters to six more countries—Philippines, Brunei, Moldova, Algeria, Iraq, and Libya—via Truth Social, with 20–30% duties set to begin August 1. This follows his April plan to reset global trade, which was paused for 90 days. Trump warns rates may shift...

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