The USD/CAD trading pair encounters a considerable sell-off, dropping to nearly 1.4100 during the European trading session. This decline follows the United States’ announcement of a reciprocal tariff plan by President Trump. As the US dollar appears vulnerable amidst rising recession fears, traders are reevaluating their strategies. The weakening US dollar significantly influences the currency pair, prompting many to consider the implications for the Canadian economy and future trading opportunities.