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šŗšøšØš¦šØBIG NEWSšØšØš¦šŗšø Trump Ends Trade Talks With Canadaā¼ļø ⢠Today Donald Trump abruptly ended trade negotiations with Canada after Prime Minister Mark Carneyās government introduced a 3% digital services tax (DST) on U.S. tech giants like Amazon, Meta, and Google retroactive to 2022. ⢠Trump labeled the tax an āeconomic attackā and announced that new tariffs on Canadian goods will be revealed within a week. ⢠He also criticized Canadaās 400% dairy tariffs and accused it of mirroring EUās anti-U.S. tax strategies. š„ Tariff War Ahead? ⢠The U.S. already imposes 25ā50% tariffs on Canadian steel, aluminum, and autos. ⢠Canada retaliated in the past with duties on U.S. agricultural goods, and more countermeasures are expected. ā ļø Fallout: USMCA Talks Collapse ⢠Hopes to resolve disputes via the USMCA framework have collapsed. ⢠Canada is reviewing its own tariffs, and diplomatic relations between the two countries are quickly deteriorating. š Crypto Impact: Short-Term Volatility, Long-Term Opportunity? ⢠Increased trade tension = higher market uncertainty ā typically bullish for Bitcoin as a hedge asset. ⢠If U.S. tech stocks fall due to DST pressure, crypto may temporarily dip with broader tech sentiment. ⢠But: More hostility toward centralized trade deals might drive interest in decentralized finance (DeFi) and cross-border crypto solutions as alternatives. š® Bottom Line: A trade war between the U.S. and Canada could cause short-term turbulence, but also boost crypto adoption as investors seek decentralized, borderless alternatives in times of global economic friction. #BinanceSquareTalks #Trump $TRUMP
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