๐บ๐ธ๐จ๐ฆ *BREAKING: Trump to Impose 35% Tariff on Canada* ๐ฅ๐
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๐จ *Whatโs Happening:*
Donald Trump has announced plans to impose a *35% tariff* on Canadian imports if re-elected. This would be a major shift in U.S.-Canada trade relations, sparking immediate concern across global markets. ๐๐ฆ
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๐ *Implications & Analysis:*
- *Trade War 2.0?* ๐ฅ
This move could trigger retaliation from Canada ๐จ๐ฆ, impacting U.S. exports and disrupting long-standing supply chains.
- *Inflation Impact:* ๐ธ
Higher tariffs = higher costs for goods, especially in auto, lumber, and agriculture sectors. That could fuel *inflation* again just as the Fed eyes potential rate cuts. ๐ฆ๐ฅ
- *Market Reactions:* ๐
- U.S. stock futures may dip on fears of trade tensions.
- CAD could weaken short-term due to economic pressure.
- Commodities like *oil and lumber* may face volatility.
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๐ช *Crypto Angle:*
Uncertainty and global tension often drive money into *Bitcoin and gold* as safe-haven assets. Expect increased volatility and possibly bullish pressure on BTC as investors hedge against macro instability. ๐๐
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๐ง *Takeaway:*
Tariffs this aggressive could hurt both economies short-term. Watch for responses from Canada, Fed commentary, and potential spillover into risk assets and forex markets.