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Trump temporarily suspends tariffs on Mexico and Canada, BTC returns to 101K, are your Positions still intact after the bloodbath?
After the United States and two neighboring countries agreed to take stricter measures to combat border immigration and drug trafficking, US President Donald Trump agreed to postpone the 25% tariffs on Canada and Mexico for one month, temporarily avoiding a large-scale trade war. The US stock market closed on Monday, 2/30, recovering from the intraday low. Cryptocurrency, after the bloodbath in the Asian market yesterday, has stabilized again, with BTC rising above 101K. Waking up from a sleep, the price seems to have returned to yesterday morning's level.
Trump's tariff measures are effective, and tariffs on Canada and Mexico will be extended for another month.
According to Bloomberg, Canadian Prime Minister Justin Trudeau announced yesterday that the Canadian government has made some concessions. Canada will appoint a new fentanyl supervisor, designate drug trafficking groups as terrorist organizations, and form a joint task force with the United States to combat organized crime, drug trafficking, and money laundering. He also signed a new 'intelligence order' related to organized crime and fentanyl. Trudeau said that Canada will continue to implement the $1.3 billion Canadian dollars (approximately $1.01 billion USD) plan announced in December last year, increasing border security resources, including helicopters.
While announcing victory, Trump hinted at future difficult negotiations: 'I am very satisfied with this preliminary result. The tariffs announced on Saturday will be suspended for 30 days to see if a final economic agreement can be reached with Canada.'
Earlier, Mexican President Claudia Shei...