Trump Threatens 100% Canada Tariffs as Bitcoin Holds $89K
The crypto market reacted cautiously as the U.S. President, Donald J. Trump, threatened that Canada would encounter a 100% tariff in case it strengthened its trade relationship with China. The remarks gave new geopolitical risks to global markets.
Trump Threatens Canada With Tariffs Over China Trade Relations
Trump posted on the Truth Social platform that Canada should not turn into a drop-off port through which Chinese merchandise can enter the United States. He cautioned that increased economic integration between Canada and China will expose the Ottawa government to Beijing and undermine home-grown industries.
Trump also stated that in case Canada conducted a trade agreement with China, America will automatically apply a 100% tariff…
