US-Canada trade war just escalated hard.

Negotiations collapsed. US slapped 50% tariffs on ~$20B of Canadian goods. Canada loading up retaliatory measures.

What's at stake:

Inflation spike incoming
Rate cut hopes? Dead
Global trade chains disrupted
Risk assets (including crypto) catching strays

Macro uncertainty already maxed out. This adds fuel to the fire.

If you're positioned in risk-on assets, watch liquidity closely. Tariff wars = volatility = opportunity or pain depending on your plays.

Stay sharp.