US-Mexico Tariffs Paused for One Month: XRP Rallies 6%
According to Claudia Sheinbaum and Donald Trump, the tariffs between the United States and Mexico were suspended for a month. This has triggered a rebound in the crypto market, especially XRP.
However, the Canadian Prime Minister Justin Trudeau is working hard to retaliate against US tariffs. Compared with Mexico, his country and the cryptocurrency market are more entangled. This is a real pass.
Agreement in the United States and Mexico
Proposed Tariffs between the United States and Mexico Always Destruction in the cryptocurrency marketEssence American technology stocks are Has rolled up from DeepseekBut new tariffs on Mexico, Canada and China are Caused a billions of dollars of encryption liquidationEssence
Since the victory of the Trump election, XRP has risen by more than 300 %, and has decreased by 25 % on the weekend after the US President indirectly applied for the Global Trade War. On Monday morning, Ripple’s Altcoin fell to $ 2.01, the lowest in more than a month.
Nevertheless, Claudia Sheinbaum, Claudia Sheinbaum, has reached protocol The process was delayed with Donald Trump.
“We have a good conversation with President Trump and respect our relationship and sovereignty; we have reached a series of agreements. Our team will start working in two aspects today: Safety And trade. Tariffs will be suspended for a month from now. Sheinbaum said through social media.
Sheinbaum claims that her government will instruct the National Guard to regulate drug transactions in the United States. trump card agreeAnnounce the transaction.
Now these new tariffs have clearly stopped and the market has begun to recover. especially, Ripple’s value of XRP token 6 % high.
Overall, XRP has restored most of the losses from earlier today. In fact, mostMade in the United States‘Cardano and other cryptocurrencies, ChainHedra has greatly recovered after the agreement.
Looking forward to the future, it seems that these assets will be driven by US political decisions and high economic policies.
Political and macroeconomic factors continue to affect the encryption market
This development confirms the forecast of the tariff meeting Proposal to buy opportunities In encryption. Mexico and the United States are important trading partners, and Trump’s boldness has become a mutually beneficial trade agreement.
The market is amazing, but there are still flies in the ointment: Canada’s progress is insufficient.
Unlike his opponent in Mexico, Canadian Prime Minister Justin Trudeau has proved that his tariffs are unyielding. he condemn These actions are in the main speech, Canada is preparing revenge Trade war offensive yourself.
The tariffs on China are obviously intact, but the country’s response is softer.
Compared with Mexico, the Canadian cryptocurrency market is much more entangled. Blackstone Launched Bitcoin ETF in Canadaand 40 % of institutional investors in the country hold cryptocurrenciesEssence
The market has rebounded from a set of tariffs, but Canada’s resistance may play an excellent role in this industry.
However, in the end, this situation is too chaotic to be accurately predicted. Sheinbaum enthusiastically condemn The United States yesterday’s tariff on Mexico, but shocked the market with a successful transaction this morning.
Trump and Trudeau may reach their own reconciliation agreement, which may have any impact on the cryptocurrency market. In any case, it is obvious that we are in a new era of chaotic price changes.
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