🚨 Trump ignites a new trade front: "100% tariffs" on Canada!
In a surprising escalation today, President Trump issued a direct threat to Ottawa to impose comprehensive tariffs of 100% on all Canadian goods if Canada proceeds with its trade agreement with China.
🔍 Dimensions of the escalation:
Objective: Prevent Canada from becoming a "Drop-off Port" for Chinese products into the American market.
Speech: Trump warned in a harsh tone that "China will swallow Canada alive" and destroy its economic fabric.
Timing: The threat comes after Canadian Prime Minister "Mark Carney" moves to strengthen the partnership with Beijing.
📉 Impact on markets:
Currencies: Immediate and negative pressure on the Canadian dollar (CAD) against the US dollar.
Supply chains: A state of uncertainty strikes manufacturing and energy companies that rely on open borders.
Crypto: Such geopolitical tensions often increase market volatility and may enhance the appeal of decentralized assets as a hedge against trade wars.
While Washington seeks to isolate Beijing, Ottawa finds itself caught between the hammer of the American ally and the anvil of Chinese expansion.