Ali Güzeloğlu

U.S. President Donald Trump threatened Canada with new tariffs if it retaliates against the tariffs imposed by the U.S. Trump stated that if Canada increases tariffs against the U.S., the reciprocal tariffs will also be increased by the same amount.

After imposing a 10% tariff on energy products like crude oil imported from Canada and a 25% tariff on other products, Trump warned Canada, saying, "Please inform Canadian Prime Minister Trudeau that when he applies a retaliatory tariff against the U.S., our reciprocal tariff will immediately increase by the same amount."

Canada's Response: Retaliatory Tariffs

In response to Trump's statements, Canadian Prime Minister Justin Trudeau announced that a 25% tariff would be applied immediately to goods worth $21 billion imported from the U.S. and to goods worth $106 billion within 21 days. Trudeau described Trump's tariff decision as "very foolish" and criticized U.S. policy.

Trade Wars Deepen: Tensions Rise Between Canada and the U.S.

The trade tensions between the U.S. and Canada have gained a new dimension, especially with the increase of tariffs. The retaliatory tariffs imposed by Canada could further complicate the economic relations between the two countries. During this process, both countries are threatening each other with new economic pressures.

Canada and the U.S. Trade Relations: Risks and Possible Outcomes

Prime Minister Trudeau's response with retaliatory tariffs is an indication of the reshaping of global trade. The trade policies of both countries could create regional economic impacts and lead to an escalation of global trade wars.

JP Morgan: Model estimates show that a permanent 25% tariff hike by the US could have a big enough impact to push the economies of Mexico and Canada into recession.

BREAKING NEWS: US PRESIDENT DONALD TRUMP SIGNED THE BITCOIN RESERVE (STOCKPILE) DECREE. THE US WILL CREATE A BITCOIN RESERVE. (FOX)

US President-elect Donald Trump’s desire to control Greenland has brought the importance of trade routes in the Arctic region back to the agenda.

This development, as a reflection of the increasing global competition in the region, may grow even more with the impact of climate change between the US, Russia and China.

The US Aeronautics and Space Administration (NASA) announced that the glaciers in Greenland lost 270 billion metric tons of water per year between 2002 and 2023. The rapid melting of the glaciers in the Arctic due to global warming has led to the opening of sea routes in the region and increased transportation opportunities.

The emergence of new trade routes in the Arctic region in recent years has led to increasing competition, especially between the US, Russia and China. According to the Arctic Council’s report, it is stated that maritime transportation in the region has increased by 37 percent in the last 10 years and 1,782 ships will use these new routes in 2024.

The report noted that changes in the marine environment, such as shrinking glaciers and melting old ice, are enabling longer sailing seasons in the Arctic. This is creating significant opportunities for trade by providing access to previously inaccessible areas of the region. These developments indicate that future economic and strategic competition in the Arctic will intensify.

Tether, the world’s leading stablecoin firm, has chosen El Salvador as the location of its first physical headquarters.

The move is a triumph for Nayib Bukele, who has been trying to turn the Central American country of 6.3m people into a crypto oasis

All but Bitcoin is a lie.

SEC Chairman Gary Gensler made striking statements about the cryptocurrency market.

Stating that he divided the cryptocurrency market into two and saw Bitcoin as different from altcoins, Gary Gensler said that most products in the altcoin market have no fundamental value.

Gary Gensler also emphasizes that investors are being victimized by incompetent/malevolent managers.

All but Bitcoin is a lie.

SEC Chairman Gary Gensler made striking statements about the cryptocurrency market.

Stating that he divided the cryptocurrency market into two and saw Bitcoin as different from altcoins, Gary Gensler said that most products in the altcoin market have no fundamental value.

Gary Gensler also emphasizes that investors are being victimized by incompetent/malevolent managers.

JUST IN: 🇨🇳 China to integrate blockchain technology into national data infrastructure, with full implementation by 2029.

Former UK Prime Minister Liz Truss: I support Bitcoin and cryptocurrencies and I think they are useful and help reduce the power of central banks.

Following the 44.38 percent inflation data announced in 2024, the Turkish Statistical Institute (TÜİK) announced the items with the highest increase and decrease in price and the exchange rates for the December 2024 period. Another news of increase came from EFT fees. EFT fees applied to money transfer transactions made by banks to other banks were increased by 44.38 percent.

ATTENTION TO THOSE WHO WILL SEND MONEY TO IBAN! EFT FEES HAVE BEEN INCREASED

The 2025 tariff that will be valid for all banks providing services in Turkey has been announced

While EFT fees were increased by the 44.38 percent inflation rate announced in 2024, those that could not print the amount were also increased by the same rate.

NEW EFT FEES HAVE BEEN ANNOUNCED

The deduction amounts to be taken into account in money transfers to be sent to different bank accounts in the application that will be valid as of tomorrow are as follows:

For money transfers up to 6,300 TL, the EFT transaction, which is 4.43 TL, will be 6.39 TL as of tomorrow.

For transactions between 6,300 TL and 304,800 TL, the EFT commission will increase from 8.86 TL to 12.79 TL.

For each transaction over 304,800 TL, banks will receive a commission of 159.97 TL from their customers.

Fed/Cook: "Further rate cuts may come cautiously."

◻️ Fed Governor Lisa Cook indicated that the US Federal Reserve may be cautious about further rate cuts.

◼️ Cook; In her speech; She emphasized that the labor market is resilient, but inflation is stickier than expected. Therefore, she stated that further rate cuts should be cautious.

◻️ Cook said that she thought it would be appropriate to make the rate cut gradually. She also stated that the US started 2025 in good shape and inflation is moving towards the 2% target.

AI and crypto top the top 5 tech stocks of 2024.

◻️The Nasdaq rose 33% in 2024, with the biggest gains coming from companies related to AI and crypto.

◼️AppLovin stood out with a 758% increase in value on AI. MicroStrategy gained 467% on Bitcoin investments. Palantir gained 380% on AI demand, and Robinhood tripled on crypto trading.

◻️Nvidia rose 183% on AI chips. These increases suggest that growth in AI and crypto will continue.

Investors show great interest in Nvidia.

◻️Nvidia became the most preferred stock by retail investors in 2024. The company attracted attention with its leadership in artificial intelligence and its 180% increase.

◼️While net investment in Nvidia exceeded $ 30 billion, the company's share in retail investors' portfolios increased from 5.5% at the beginning of the year to 10%.

◻️This showed that Nvidia is gaining an increasingly larger place among investors. This increase brought Nvidia to the top after Tesla's leadership in 2023.

The United Nations General Assembly has approved a $3.72 billion budget for 2025.

◻️The United Nations (UN) General Assembly has approved a $3.72 billion budget for 2025. The budget will finance UN programs in key areas such as political affairs, international justice, human rights, humanitarian aid and regional cooperation.

◼️Additional funds were also allocated for Gaza and Syria to address humanitarian crises in the Middle East. Approximately $1 million was added to the budget proposed by UN Secretary General Guterres.

◻️In addition, a new program was approved to provide support to landlocked developing countries. The UN also has a separate budget for peacekeeping operations.

UniCredit becomes Commerzbank's largest shareholder.

◻️UniCredit increased its stake in Commerzbank to 28%, becoming the German bank's largest shareholder.

◼️The Italian bank reached this share by purchasing Commerzbank's shares with financial instruments, and had previously announced that it would file a legal application to increase its share to 29.9%.

◻️UniCredit acquired a 9% stake in Commerzbank on September 11, and increased this rate to 21% on September 23. The German state owns a 12% stake in Commerzbank, while BlackRock owns a 7.2% stake. Commerzbank made a profit of 2.2 billion euros in 2023.

The US Federal Reserve (Fed) lowered the benchmark interest rate by 25 basis points.

Fed interest rate futures are pricing in a 90 percent chance that rates will remain steady in January.

The dollar climbed to its highest level since November 2022 following the Fed's interest rate decision.

CMB President Gönül's new statement on cryptocurrencies: He gave time

Capital Markets Board (CMB) President İbrahim Ömer Gönül also touched on cryptocurrency regulations in an interview. Gönül recently pointed to January for secondary regulations, which he said were "coming soon."
Capital Markets Board (CMB) President İbrahim Ömer Gönül made important statements to Bloomberg. Gönül touched on many topics, from public offerings on the stock exchange to cryptocurrencies and bot transactions.

"The goal is to keep investors safe..."

Speaking about secondary regulations on cryptocurrencies, which he said were "coming soon," in a panel he attended recently, the CMB president made the following statements:

"We are getting the secondary regulations ready by January, God willing. What will we bring? How will these platforms and their establishments be made and how will crypto investors be kept safe... When we say keeping safe, we are working to ensure that the system is secure by determining the procedures and principles for working with custodians and platforms within its natural habitat. We determine the conditions for the establishment of the company and the terms of the transaction. We also work with TÜBİTAK and MASAK on all the issues of how the security systems will be”

“Investors should be selected and purchased…”

Speaking about the public offerings that have attracted great interest especially in Turkey, Gönül stated that investors should be careful and choose stocks:

“All of these are part of the market. If you come from this perspective: if you have a perspective that all public offering shares will go up 5-6 times after the public offering, if you do not choose a company, then it is not possible to say anything about what happens to you”

The Bank of Spain has raised its growth forecast.

◻️The Bank of Spain has raised its growth forecast for 2024, despite the catastrophic floods in October and the slowdown in the Eurozone.

◼️The bank expects GDP growth to be 3.1% instead of 2.8%. This is a significant acceleration from last year's 2.5% growth. The growth forecast has been raised for the third time this year.

◻️In the fourth quarter, GDP is expected to grow between 0.6% and 0.7%. Although the impact of the floods is expected to slow growth, reconstruction spending and the high growth forecast will contribute to the economy's growth.