CAD/CNY Price & Performance (CADCNY)

Former President Donald Trump has designated April 2 as "Liberation Day" to announce new tariffs targeting countries with restrictive trade practices. These measures will not impact all nations equally, with some being exempt. The tariffs are expected to immediately affect trade relations and potentially escalate tensions with U.S. allies.1

The upcoming tariffs set for April 2 may target industries such as automobiles, semiconductor chips, and pharmaceuticals. While some sectors might avoid immediate impact, officials anticipate a significant strain on international trade dynamics. Trump views the tariffs as a way to generate revenue and incentivize domestic investment.1

Financial markets are bracing for potential disruptions as Trump’s tariff announcement nears. While the measures aim to address trade imbalances, concerns about their impact on global supply chains persist. Experts suggest that the scope of the tariffs may be narrower than initially feared, focusing on specific nations and industries.1