Trump’s Tariff Plan Targets Canada & Mexico—Crypto Market Reacts

By / / Crypto News, Daily News
Trump’s Tariff Plan Targets Canada & Mexico—Crypto Market Reacts
Table Of Contents
  1. Trump’s Tariff Move Sparks Global Market Reactions
  2. Trump’s Tariff Policy: What’s Changing?
  3. How Canada & Mexico Are Responding
  4. A Look Back: Trump’s Steel & Aluminum Tariffs
  5. Crypto Market Tumbles After Tariff Announcement
  6. What’s Next?

Trump’s Tariff Move Sparks Global Market Reactions

In a major trade policy shift, former President Donald Trump has confirmed that a 25% tariff on goods from Canada and Mexico will take effect next month. The announcement, following a brief delay, has sent shockwaves through global markets, sparking concerns about economic stability and international trade.

Trump’s Tariff Policy: What’s Changing?

Speaking at a press conference alongside French President Emmanuel Macron, Trump reaffirmed that the new tariffs would begin right after March 4.

  • Canada and Mexico were granted extra time to enhance their border security.
  • Trump emphasized that the U.S. demands fairer trade deals with its partners.
  • He hintedq that similar tariffs on China and India could be next.

“If they charge us, we’ll charge them the same. It’s only fair,” Trump stated, reinforcing his stance on reciprocal trade policies.

How Canada & Mexico Are Responding

Mexico’s Reaction

Mexico’s President Claudia Sheinbaum remains optimistic about reaching a resolution before the tariffs take effect. She confirmed8 ongoing negotiations and expressed willingness to engage directly with Trump if necessary.

  • Mexico has deployed 10,000 National Guard troops along its northern border.
  • The move aims to curb illegal immigration and drug smuggling, two key issues for Trump.

Canada’s Countermeasures

Canada is preparing to retaliate if the tariffs are implemented.

  • The government has allocated $900 million to strengthen border security.
  • A special task force is focusing on reducing fentanyl trafficking.
  • Canada is considering tariffs on U.S. goods in response.

While energy exports like oil and electricity will face a reduced 10% tariff, many other Canadian exports will experience significant price hikes.

A Look Back: Trump’s Steel & Aluminum Tariffs

Earlier this month, Trump removed tariff exemptions on steel and aluminum imports from Canada4 and Mexico, marking a major shift in trade policy. The latest tariff escalation is seen as an extension of that aggressive strategy, signaling Trump’s commitment to protecting American industries.

Crypto Market Tumbles After Tariff Announcement

Trump’s trade policy isn’t just impacting traditional markets—it’s sending ripples through the crypto space as well.

  • Global crypto market cap fell 7.91%, now at $2.88 trillion.
  • Bitcoin (BTC) dropped 7.23%, trading at $89,026.90.
  • Ethereum (ETH) saw a steep 11.36% decline, falling to $2,936.73.
  • Solana (SOL) took the hardest hit, crashing 15.35% to $135.20.

What’s Next?

With tensions rising between the U.S., Canada, and Mexico, investors are bracing for potential economic shifts. The coming weeks will determine whether:

  • Canada and Mexico strike a last-minute trade deal.
  • Trump extends tariffs to China and India, escalating global trade wars.
  • The crypto market stabilizes or faces continued sell-offs.

As global markets watch closely, the stakes have never been higher. Will these tariffs reshape U.S. trade, or spark new economic uncertainty? Stay tuned0.

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