Bitcoin slides 4% after Trump target Canadian steel, aluminum with tariffs

President Donald Trump crossed Bitcoin and other markets after announced tariff increased by Canadian steel and aluminum of 25% to 50%, referring to a 25% tariff on the American profession on an Ontario.

According to Trump’s truth socially mailNew tariffs will take effect on March 12. March. Trump also called Canada to remove up to 390% of milk tariffs and warned of greater tariffs on Canadian cars until 2. April. April.

In his statement, President Trump criticized the long-term tariff of Canada on American dairy products, which range from 250% to 390%, denoting them as “unheard.” He further threatened to declare nationally urgently in connection with electricity to oppose what he described as “a threat of abuse” from Canada.

‘Egrogese’ tariffs

In addition, Trump warned that if Canada does not eliminate other “horrible” tariffs, it will significantly increase tariffs in Canadian car starting 2. April who claims to effectively “exclude car production in Canada.”

Trump also said that “the only thing that makes sense to Canada becoming our fifty-first country. It would be all tariffs and everything else, completely disappeared.”

Markets responded to announcement. Bitcoin (Btc) Fell 4.2%, immersion below $ 80,000 while the brought Jones fell nearly 600 points. Investors also responded to trade tensions and administration statements that there is no new Bitcoin purchase were planned for the National Strategic Reserve.

Bitcoin bounced over $ 81,000 at the time of writing.

Tariff dispute Follow Trump Tariffs in Canadian and Mexican goods. Canada and Mexico pushed back, stating a violation of trade agreements.