U.S. Commerce Secretary Howard Lutnick has put the blame largely on Canada after the latest trade negotiations fell apart at the final stage.
According to reports, Lutnick said Canadian negotiators introduced what he called “outrageous demands” just hours before the deadline.
One of the major points reportedly involved medium- and heavy-duty trucks, which came up on Friday as negotiations broke down.
Lutnick even said he asked a Canadian minister:
“Are you trying to blow up the negotiations?”
The response? They declined to comment.
Lutnick claimed Canada “destroyed this negotiation for purely political reasons,” while also acknowledging that the U.S. may have made some temporary demands during the talks.
The bigger issue is the potential impact on trade. If no agreement is reached, the previously threatened 50% U.S. tariff on Canadian goods could become a major economic pressure point. 📉
Now the question is whether both sides return to the table or allow tensions to escalate further.
Trade wars rarely stay limited to politicians. Markets usually have something to say about them too. 👀📊
Are those little Bitcoin dips making you nervous? 👀
Honestly, I don’t think there’s much to panic about.
Over the last few months, we’ve seen the market face heavy selling after almost every consolidation or recovery phase. That made sense because we were still dealing with a bear market, where dumps were stronger and pumps struggled to hold.
But this time, the price action looks different.
I’ve already said that this week could be a real test for BTC. After such a strong pump, the important thing is what happens next. If Bitcoin avoids a major dump and continues holding its ground, that could be a strong sign that the bear market may have already found its bottom and the market is transitioning into a new bullish phase. 📈
And if you look at the chart right now, BTC isn’t really breaking down. It’s mostly moving sideways and consolidating.
Personally, I wouldn’t be surprised if the next big move is another pump rather than a deep correction. Small pullbacks can still happen, obviously. Nothing in crypto follows a script because apparently chaos needed its own financial market. 😂