$BTC The US-Canada trade war has officially begun!
The US 50% tariffs are now in effect, hitting roughly $20 billion worth of Canadian goods!
Canada is firing back directly with retaliatory measures on September 8.
This time, both sides flipped the table before even staying at the negotiation board!
The new round of 50% US tariffs targeting approximately $20 billion in Canadian imports has officially gone into effect, covering a wide range of sectors including wine, furniture, dairy products, cement, and clothing. Canadian Prime Minister Mark Carney subsequently announced that starting September 8, Canada will launch a "dollar-for-dollar" retaliatory response, targeting US steel, dairy, household appliances, agricultural equipment, pulp and paper, and electronic products.
To make matters worse, three consecutive days of bilateral negotiations completely broke down, and no new talks are currently scheduled. With total US-Canada annual trade in goods and services approaching $880 billion, throwing tariffs back and forth like this could easily reignite inflation and drive up supply chain costs, forcing markets to recalculate the path for interest rates.
Now that the tariffs are actually landing, risk assets just gained another macroeconomic wildcard.
Once the panic subsides, whether BTC can hold its ground will be the real show to watch! ETHSOL
#USCanadaTradeTalksCollapse : Canada Vows Retaliation
Click the card below to jump straight into action! 👇
The US 50% tariffs are now in effect, hitting roughly $20 billion worth of Canadian goods!
Canada is firing back directly with retaliatory measures on September 8.
This time, both sides flipped the table before even staying at the negotiation board!
The new round of 50% US tariffs targeting approximately $20 billion in Canadian imports has officially gone into effect, covering a wide range of sectors including wine, furniture, dairy products, cement, and clothing. Canadian Prime Minister Mark Carney subsequently announced that starting September 8, Canada will launch a "dollar-for-dollar" retaliatory response, targeting US steel, dairy, household appliances, agricultural equipment, pulp and paper, and electronic products.
To make matters worse, three consecutive days of bilateral negotiations completely broke down, and no new talks are currently scheduled. With total US-Canada annual trade in goods and services approaching $880 billion, throwing tariffs back and forth like this could easily reignite inflation and drive up supply chain costs, forcing markets to recalculate the path for interest rates.
Now that the tariffs are actually landing, risk assets just gained another macroeconomic wildcard.
Once the panic subsides, whether BTC can hold its ground will be the real show to watch! ETHSOL
#USCanadaTradeTalksCollapse : Canada Vows Retaliation
Click the card below to jump straight into action! 👇
