# USD/CAD Spikes After Trump's Tariff Threats; Could Volatility Open Opportunities? | Investing.com

> The USD/CAD pair jumped to 1.4170 after Trump threatened new 25% tariffs on goods from Mexico and Canada and an extra 10% on China. The move came after the pair had already rallied more than 1.4% in a single session. The article notes that the pair has traded above 1.4100 only during past periods of market turbulence.

- Date: 2024-11-26 · published 2024-11-26T12:00:00.000Z
- Category: trade · region Global · magnitude high
- Page: https://feedsoft.ai/events/27657-usd-cad-spikes-after-trump-s-tariff-threats-could-volatility-open-opportunities
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Tariff threats on Mexico, Canada and China could disrupt trade in agricultural and feed commodities and shift demand toward alternative suppliers. A stronger dollar against these currencies raises the cost of US exports to these markets.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲
- USDCNY: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-05-06 | [China stocks, yuan tumble on Trump's fresh tariff threats \| Reuters](https://feedsoft.ai/events/59287-china-stocks-yuan-tumble-on-trump-s-fresh-tariff-threats-reuters.md) | +1.3% | +2.5% |
| USDCNY | 2024-11-26 | [Dollar jumps, stocks retreat after Trump vows tariffs](https://feedsoft.ai/events/27637-dollar-jumps-stocks-retreat-after-trump-vows-tariffs.md) | +0.6% | +0.8% |
| USDCNY | 2018-07-20 | [Trump threatens tariffs on all $500 billion of Chinese imports](https://feedsoft.ai/events/63946-trump-threatens-tariffs-on-all-500-billion-of-chinese-imports.md) | +0.2% | +1.6% |
| USDCNY | 2025-02-28 | [China’s yuan falls to 2-week low after Trump proposes extra tariffs on Chinese exports](https://feedsoft.ai/events/26290-china-s-yuan-falls-to-2-week-low-after-trump-proposes-extra-tariffs-on-chinese.md) | -0.5% | -0.3% |
| USDCNY | 2024-11-26 | [Morning Bid: Trump tariff threat jolts Canadian dollar, peso, yuan \| Reuters](https://feedsoft.ai/events/27607-morning-bid-trump-tariff-threat-jolts-canadian-dollar-peso-yuan-reuters.md) | +0.6% | +0.8% |
| DXY | 2024-12-03 | [Trump’s tariff threats fuel currency instability, market pressure](https://feedsoft.ai/events/12459-trump-s-tariff-threats-fuel-currency-instability-market-pressure.md) | -0.4% | +1.7% |
| DXY | 2024-11-26 | [Dollar jumps, stocks retreat after Trump vows tariffs](https://feedsoft.ai/events/27637-dollar-jumps-stocks-retreat-after-trump-vows-tariffs.md) | -0.0% | +1.1% |
| DXY | 2025-02-27 | [EUR/USD tumbles as Trump threatens to impose reciprocal tariffs on April 2](https://feedsoft.ai/events/26274-eur-usd-tumbles-as-trump-threatens-to-impose-reciprocal-tariffs-on-april-2.md) | -0.6% | -0.8% |

## Sources

- investing.com: https://www.investing.com/analysis/usdcad-spikes-after-trumps-tariff-threats-could-volatility-open-opportunities-200654617

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.