Crypto Market Fear Grows as Trump Announces New Tariffs
Trump has made a tough stance on his northern neighbors’ provocative attitude as he announced new tariffs on Canada. Trump reiterated his call for the United States to annex Canada, thus ending its independence.
Like previous announcements, this threat may be explosive for the crypto market, but tariffs may or may not take effect. The more relevant question is whether the United States wants to enter a recession.
Trump’s tariffs on Canada become tough
President Trump’s planned tariffs It has been causing serious damage in the crypto market and it seems they are not done yet. In early February, Canada and Mexico Trying to postpone themsignificantly Help crypto market. But Trump is following and signing new tariffs to Canada:
“Based on Ontario, Canada, a 25% tariff on ‘electricity’ entering the United States, I instructed my Secretary of Commerce to increase the additional 25% tariff (50%) to 50% on all steel and aluminum entering the United States from Canada. Tomorrow morning, March 12, this will take effect,” Trump said. claim On social media.
Trump edited the news after his first release, clarifying that Canada’s tariffs have a clear deadline. Trump also pointed out several other priorities in U.S.-Canada relations: dairy sales, automobile manufacturing, military spending, etc. He said another call, saying that the United States should annex Canada directly.
This final demand is the complete end of Canada’s national autonomy, a special point in the tariff legend. After the United States passed tariffs on China, National revenge Have some of their own tariffs.
Canada has retaliated, and this difficult posture creates a new wave support For the ruling party.
This popularity is especially important. It prompted Canada’s bullshit, and Trump responded in real life. With his new attack, things are rising. It seems difficult to identify the obvious external ramps on both sides.
What does all this mean for the crypto market? These tariffs have been spelled Consistent bearish results For the industry, there is a market Decline with new announcements.
also, Encryption and clearing are already very highand Bitcoin’s price performance is not good. The new tariffs on Canada could have serious implications.
But the market has fallen before Trump announced new tariffs on Canada. The broader macroeconomic outlook looks bearish and these tariffs may not change on their own.
When tariffs go online tomorrow, crypto communities will need to closely adhere to this situation, and then their impact will be clearer.
Ultimately, “if” is the operating word there. Since Trump has not imposed tariffs on Canada and Mexico before, he may blink again.
However, this situation is creating a lot of markets uncertainwhich may be much more dangerous than any tariff. If the market loses confidence, it will definitely affect the crypto market.
The most important question is Is a mature recession going to happen soon. These tariffs on Canada may actually or may not happen, and if so, Trump may turn it out within 24 hours.
In this chaotic moment, it is hard to say whether any single policy can change everything.
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