Loonie, Peso Plunge As US Unveils Global Steel, Aluminum Tariffs

Well, they were warned. A month after President Trump ordered a delay on global steel and aluminum tariffs, time is up and Commerce Secretary Wilbur Ross is set to announce the imposition of sweeping tariffs on steel and aluminum imports from Canada, Mexico, and the European Union.

And the impact is already showing up before the actual announcement with the Loonie erasing yesterday's economic data driven gains...

And the Peso pounded to one-week lows...