# Mexican peso, Canadian dollar jump on report countries will be exempt from tariffs

> The Mexican peso and Canadian dollar rose after reports that the Trump administration's proposed steel and aluminum tariffs would exempt Canada and Mexico indefinitely. The peso gained 0.4 percent to 18.639 per dollar and the loonie rose 0.1 percent to 1.2898.

- Date: 2018-03-08 · published 2018-03-08T12:00:00.000Z
- Category: trade · region North America · magnitude low
- Page: https://feedsoft.ai/events/66220-mexican-peso-canadian-dollar-jump-on-report-countries-will-be-exempt-from
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Exemption from metals tariffs reduces the risk of retaliatory trade actions affecting agricultural exports between North America and the US, supporting feed trade flows.

## Read by commodity

- USDCAD: bearish ▼
- USDMXN: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2018/03/08/mexican-peso-canadian-dollar-jump-on-report-countries-will-be-exempt-from-tariffs.html

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