Donald Trump has decided not to double tariffs on Canadian aluminum and steel, offering a sigh of relief to the US stock market.
The decision to retract tariffs on Canadian metals came after Canada’s announcement that it wouldn’t go ahead with its plan of retaliating against the US.
Canada had earlier decided to impose a 25% tax on the electricity it sells to the US.
Moreover, a meeting has been scheduled for Thursday with the agenda of reaffirming the trade pact between the US, Canada, and Mexico.
This could also be a good sign for the crypto economy, seeing as Trump’s tariff announcements were one of the biggest catalysts in driving down crypto prices.
The Crypto Market Is Currently in a Correction – And It’s Healthy
Glassnode, an onchain analytics firm, reported that the current selling pressure in $BTC is being driven by ‘top buyers.’ These are investors who bought the cryptocurrency at the $109K high.
The ongoing panic selling might suggest otherwise, bu
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