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Trump's Tariffs Spark US-Canada Trade War Escalation: Bitcoin Holds Firm

Guavy AI Editorial Team
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BTC
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The US-Canada trade war escalated on August 24, 2026, after President Donald Trump threatened to double tariffs on Canadian vehicles, auto parts, and steel to 50%, effective January 1, 2027. This move is part of the ongoing trade tensions between the two nations.

As a result, Bitcoin has been holding its ground as a macro hedge, unaffected by the escalation of the trade war. The cryptocurrency's price remained steady despite the rising tensions and economic uncertainty.

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