Crypto Market Rebounds After Trump Delays Tariffs On Canada And Mexico, But China Retaliates
The crypto market rebounded more than 5% in the last 24 hours after US President Donald Trump agreed to put a temporary hold on proposed 25% import tariffs on Canada and Mexico. But China hit back with tariffs of 15% on coal and liquefied natural gas, and 10% on crude oil, farm equipment, large displacement vehicles and pickup trucks. It also began an anti-trust investigation into Google. Bitcoin and other major cryptos pared gains after the retaliatory measures were announced. Canada’s Prime Minister Justin Trudeau said in a Feb.3 post on X that Trump agreed to pause tariffs on his nation for at least 30 days. He added that the US and Canada would work together and implement a $1.3 billion border plan that includes appointing a Fentanyl czar, listing cartels as terrorists and reinforcing the US-Canada border with helicopters and more staff. BTC Briefly Broke $100K After Trump Paused Tariffs On Canada And Mexico The news that Trump is putting a pause on the proposed 25% tar...