The United States announced its plans to impose tariffs on steel and aluminum imported from Canada, Mexico and the European Union. United States equity took a bit of a dip as a result of this decision, causing a rippling effect with Dollar pairs.

Although these tariffs will be imposed, it seems that NAFTA negotiations will continue as we move forward.

The trade war remains clouded with speculation as we wait with two main questions – what will happen next? Which countries will be involved next?

Be on the lookout for reactions and/or countermeasures from Canada, Mexico and the European Union.