$SPK $CATI
$BTC The U.S.-Canada trade war has officially begun!
A 50% tariff from the United States has already taken effect.
About $20 billion worth of Canadian goods are hit!
On September 8, Canada launched a direct, tit-for-tat retaliation.
This time, they even flipped the negotiations table before sitting down!
The new round of 50% tariffs targeting about $20 billion in Canadian goods has officially gone into effect, covering multiple sectors including wine, furniture, dairy products, cement, clothing, and more. Canadian Prime Minister Carney then announced that starting September 8, Canada would implement a “dollar-for-dollar” countermeasure, targeting U.S. steel, dairy products, household appliances, agricultural equipment, pulp and paper, and electronic products.
What makes it worse is that after three consecutive days of negotiations, both sides’ talks ultimately fell apart, and there is still no schedule for new meetings. The trade in goods and services between the U.S. and Canada totals nearly $880 billion per year. With tariffs continuing to be slapped back and forth, it’s easy to push inflation and supply-chain costs back up, and markets will also have to re-price the interest-rate path.
Once the tariffs truly land, macro risk assets just gained another ticking time bomb.
But after the mood collapses, the real question is whether BTC can keep holding up! ETH SOL #美加贸易谈判破裂加拿大誓言反制
$BTC The U.S.-Canada trade war has officially begun!
A 50% tariff from the United States has already taken effect.
About $20 billion worth of Canadian goods are hit!
On September 8, Canada launched a direct, tit-for-tat retaliation.
This time, they even flipped the negotiations table before sitting down!
The new round of 50% tariffs targeting about $20 billion in Canadian goods has officially gone into effect, covering multiple sectors including wine, furniture, dairy products, cement, clothing, and more. Canadian Prime Minister Carney then announced that starting September 8, Canada would implement a “dollar-for-dollar” countermeasure, targeting U.S. steel, dairy products, household appliances, agricultural equipment, pulp and paper, and electronic products.
What makes it worse is that after three consecutive days of negotiations, both sides’ talks ultimately fell apart, and there is still no schedule for new meetings. The trade in goods and services between the U.S. and Canada totals nearly $880 billion per year. With tariffs continuing to be slapped back and forth, it’s easy to push inflation and supply-chain costs back up, and markets will also have to re-price the interest-rate path.
Once the tariffs truly land, macro risk assets just gained another ticking time bomb.
But after the mood collapses, the real question is whether BTC can keep holding up! ETH SOL #美加贸易谈判破裂加拿大誓言反制
