Former President Trump's trade policies have sparked global tensions, to which cryptocurrencies have begun to react.
Tariffs and Bitcoin Surge
Bitcoin prices soared to $91,000 following statements from the U.S. Secretary of Commerce and the Canadian Prime Minister. Tariffs on Canadian goods may be postponed for a month.
Tariff Discussions
Canadian Prime Minister Justin Trudeau stated: "We are discussing the possibility of postponing the second wave of planned tariffs. The Canada-U.S. trade war will likely persist for the foreseeable future. We will respond strongly as long as there are completely unjust tariffs from the U.S."
Future Prospects
U.S. Secretary of Commerce Lutnick expressed hope that fentanyl issues would be resolved by April 2, allowing a focus solely on mutual tariffs. Initial mutual tariff rates are expected to be high and may eventually decrease.
Changes in trade policy significantly impact global markets, including cryptocurrencies, emphasizing their resilience and adaptability.
