🚨The United States Suspends Tariffs on Canada and Mexico – What Happens Next?🚨
The United States suddenly announced a 30-day suspension of tariffs on imported goods from Canada and Mexico! After talks with Trudeau and Schenbaum, Trump's trade war strategy has taken a new turn. This operation is truly perplexing🤯
Is this a temporary truce or a short-term strategy before tougher negotiations? Let's first look at it from a market perspective. In the stock market, automotive companies like Ford, General Motors, and Asian companies like Toyota and Nissan, which were previously battered by tariffs, are seeing their stock prices rebound📈 The foreign exchange market is also lively, with the Canadian dollar and Mexican peso significantly appreciating, while the US dollar index is declining.
Now let's talk about cryptocurrencies. Although there is no direct correlation, if market risk appetite increases and funds flow out of safe-haven assets, it might bring some new vitality to the cryptocurrency market.
On the global trade front, the trade between the US, Canada, and Mexico has stabilized in the short term, but the long-term direction will depend on subsequent negotiations. This alleviates some of the tension in global trade, but the US trade policy remains highly unstable. Other countries still need to continue seeking diversified trade partnerships and cannot let their guard down. For the next 30 days, let’s grab our little stools and watch how this trade drama unfolds🎬
