Trump says the order is effective immediately.

Trump also just said that he’s considering changing the name of the Atlantic or Pacific ocean.

In a sign that some adults in the room are actually making progress on a trade deal, Canada dropped its threat to tariff seafood, which would have been a big problem for Maine, Canadian negotiator wrote this earlier today:

Canada welcomes that the U.S. is now withdrawing its positions on discoverability and labelling and is confirming that measures to promote French language and Canadian culture will not be subject to future U.S. trade actions. 

The FX market is taking it all in stride.

This article was written by Adam Button at investinglive.com.