Trump announces new prices against Canada, hitting a difficult posture against the provocative attitude of his neighbor in the North. Trump reiterated his call that the American annex Canada in Canada, ending his independence.
Like previous announcements, this threat could be explosive for cryptographic markets, but prices can be assessed or not. The most relevant question is whether the United States is about to enter a recession.
Trump becomes hard on Canada’s prices
President Trump’s planned prices have wreaked havoc on the cryptography market, and it seems that they were not yet finished. In early February, Canada and Mexico managed to report them, considerably helping the cryptography market. However, Trump follows and places a new price in Canada:
“Based on Ontario, Canada, placing a 25%rate on” electricity “when the United States arrives, I asked my trade secretary to add an additional 25%rate, 50%, on all steel and aluminum coming to the United States from Canada. This will come into force tomorrow morning March 12, “said Trump on social networks.
Trump slightly published the announcement after publishing it for the first time, adding that prices in Canada have a clear deadline. Trump also underlined several other priorities in American-Canadian relations: dairy sales, automobile manufacturing, military spending, etc. He finished with another call that the United States is expected to annex Canada.
The latter requests, a complete end to national autonomy of Canada, was a particular collision point in the tariff saga. After the United States has adopted prices against China, the nation retreated with a few apart prices.
Canada has also retaliated, and this difficult posture has created a new wave of support for its ruling party.
This wave of popularity is particularly important. This caused more severe rhetoric from Canada, and Trump responded in kind. With its new offensive, the situation degenerates. It seems difficult to identify a clear ramp for both parties.
What does all this mean for the cryptography market? These prices have set out a coherent lowering result for the industry, the markets decreasing in parallel with new announcements.
In addition, cryptographic liquidations are already high and the Bitcoin price is not doing well. New rates against Canada may have a serious impact.
However, the market was already down before Trump announces the new prices against Canada. Larger macroeconomic perspectives seem to be quite lower, and these prices may not change much.
The cryptographic community will have to close this situation closely when / if the prices are put online tomorrow, and their effects will then be more readable.
In the end, “if” is the word operating there. Since Trump has already backed down from the implementation of prices against Canada and Mexico before, he could again blink.
However, this situation creates a lot of uncertainty of the market, which could be much more dangerous than any price. If the market loses its confidence, it will certainly affect the cryptography market.
The most important question is whether a full -fledged recession will soon occur. These prices against Canada can occur or not, and if they do it, Trump can make them go back within 24 hours.
At this chaotic moment, it is difficult to say if only one policy could change everything.
Non-liability clause
In membership of the Trust project guidelines, Beincrypto has embarked on transparent impartial reports. This press article aims to provide precise and timely information. However, readers are invited to check the facts independently and consult a professional before making decisions according to this content. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
