#美加关税战升级
Cannon Roars: The US-Canada Tariff War Escalates Full-Scale, With Financial Markets Seeing Blood

On September 8, 2026, history will remember this day.
Canadian Prime Minister Trudeau’s latest round of retaliatory tariffs takes effect on schedule—over 700 U.S. product categories are hit with additional taxes ranging from 15% to 50%, while tariffs on steel and aluminum products are doubled outright to 50%. This isn’t friction—it’s total war. And the fuse? It’s Trump: on August 22, he was the first to impose a 50% tariff on $20 billion worth of Canadian goods, then vowed that starting in 2027, Canadian autos and steel would also be raised to 50%, and even signed an order to rename Lake Ontario. A trade massacre ignited by social media.

Crypto Market: A Sea of Blood

The tariff bombs have blown through crypto’s fragile defenses. Bitcoin fell below $79,000 today, briefly hitting $78,281. Ethereum slid in tandem, breaking below $2,500. The logic is brutal and clear: reciprocal tariffs → costs skyrocket → inflation expectations rise → the odds of Fed rate hikes climb to 60% → pressure mounts on risk assets. Bitcoin has failed to reclaim the $80,000 mark for two straight weeks. Using a century-old provision from the 1930 Tariff Act to smash 21st-century digital assets—this is the most absurd scene in financial history.

U.S. Stocks: A Dead Calm Before the Storm

The market was closed for Labor Day on September 7, but the S&P 500 ended last Friday at 7,702.5 points and the historical monthly average for September fell 1.1%. Citadel warned of “tactical downside.” Dow futures have already moved lower. The US-Canada annual trade value is nearly $900 billion, and the tariffs will rip through the entire supply chain—from autos and steel to energy. Canada’s GDP could fall by 0.4%, with 90,000 jobs at risk, and inflation may rise by 0.3 percentage points. A double tightening—recession and inflation—has begun to squeeze in.

No Winners

Trudeau says, “Only once Americans stop with memes and mockery can there be real dialogue”; Trump claims, “Canada’s economy will collapse.” Seventy-five percent of Canadians support a tough retaliatory response. Public sentiment is burning, and the markets are bleeding.

Each escalation is destroying wealth and tearing confidence apart. Crypto is hit first, and with U.S. stocks looming on the edge—these fires, stoked by presidential decision, are burning through every investor’s wallet.

The storm is here. Fasten your seatbelt.