๐บ๐ธ Trumpโs 35% Tariff on Canada Sparks Rising Crypto Interest ๐จ๐ฆ
August 1, 2025 โ Former U.S. President Donald Trump has imposed a sweeping 35% tariff on Canadian imports, escalating trade tensions between the two countries. The tariffs, initially set at 25%, were raised in response to stalled negotiations over border security and economic retaliation by Canada.
๐งพ Why It Matters to Crypto
With economic uncertainty rising, Canadian investors and businesses are turning to crypto as a hedge against volatility in trade and currency. Here's how:
๐ Cross-border payments: Crypto offers a faster and cheaper alternative to traditional FX and bank transfers, especially as tariffs disrupt traditional trade pipelines.
๐ธ Stablecoin adoption: Canadian SMEs are increasingly experimenting with USDT/USDC for international invoicing and settlements.
๐ CAD volatility: The Canadian dollar has weakened slightly since the announcement, pushing some investors toward Bitcoin as a store of value.
๐ Market Response
BTC/CAD trading volumes on Canadian exchanges spiked 12% within 24 hours of the tariff news.
Binance and Coinbase report increased onboarding from Canadian users since early July.
Some analysts now see crypto as a geopolitical hedge โ not just an investment.
