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On Friday, U.S. President Donald Trump sent shockwaves through the market by announcing tariffs on Canada. In an interview with Fox News, Trump shared his thoughts on tariffs, Iran, Canada, and many other crucial topics. As the tax law secured sufficient support in the Senate, Trump’s primary focus will pivot to tariffs, which are expected to significantly impact cryptocurrencies.
Trump Interview Insights
Before assuming office, Trump outlined his intended actions regarding cryptocurrencies and began implementing them shortly after his election victory. Trump holds a favorable view of cryptocurrencies and is determined to do much more in this field. However, his long-term global strategies encounter friction from the cryptocurrency sector.
Moving towards the 2026 midterm elections, Trump will likely seek to avoid major tariffs and conflicts that could contribute to inflationary pressures. As highlighted months earlier by Bessent and others, the coming period might see a de-escalation of tensions, rather than an increase. Crypto Traders Are Rushing to This App – Here’s Why You Should Too
Here are the key highlights from Trump’s recent statements:
- Iran likely has three plus one nuclear facilities. There are three main known sites.
- The U.S. destroyed nuclear facilities.
- Iran might not abandon nuclear ambitions, but they are exhausted.
- China produces magnets for the U.S., and a beneficial deal with China exists. Positive relations with China are advantageous.
- China continues to pay significant tariffs.
- If they are peaceful, we might weaken or lift sanctions on Iran.
- The Fed is led by an incompetent person.
- We don’t want to pay higher interest on 10-year debts. Interest rates should be 1% or 2%.
- Iran’s nuclear ambitions have been rolled back for a while.
- I don’t think I need to extend, but I can. (Tariff negotiation process)
- The TikTok buyer has been decided. I will announce the TikTok buyer in two weeks.
- Talks are halted until Canada lifts certain tariffs. Canada should become our 51st state.
- Elon Musk’s comments were incorrect and inappropriate.
Following the interview, the BTC price hovered around $107,900, and in the coming hours, major announcements, especially concerning tariffs, are likely to be made. Given the expected strong volatility, investors should be prepared.
