Trump’s latest decision to proceed with tariffs on Canada and Mexico, along with new restrictions on Chinese investments in key sectors, has rattled financial markets, triggering a broader risk-off sentiment.
Trump's decision to proceed with tariffs on Canada and Mexico has rattled financial markets, triggering a broader risk-off sentiment. Investors are growing increasingly cautious as concerns mount over potential interest rate adjustments in response to trade tensions.
Trump confirmed that the tariffs on Canadian and Mexican imports, which were originally delayed, are now on schedule to take effect next month. The president stated that the process is “moving along very rapidly.”
Moreover, Trump directed a government committee to curtail Chinese investments in technology, energy, and other strategic U.S. industries, further intensifying market uncertainty.
The market response suggests that traders are moving away from riskier assets like altcoins and memecoins, which have been among the hardest hit. This is evident in the recent underperformance of these assets compared to the broader cryptocurrency market.
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