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While Trump shares wild claims about debts owed to him worldwide, his cabinet supports him unwaveringly. Interestingly, Trump has entered an uncontrollable 2.0 phase, driven by his advisors, who assert that his ideas are brilliant. As a result, Trump is propelling the world towards a significant global trade war.
Tariffs and Bitcoin
Bitcoin 
$103,403 prices rebounded to $91,000 amidst statements from the U.S. Secretary of Commerce and the Prime Minister of Canada. Customs duties with Canada may be postponed for another month.
During this process, we can expect negotiations to continue. Trump is resolute on tariffs and open to limited compromises. His strong position at the negotiation table is pushing boundaries significantly. Canadian Prime Minister Trudeau stated:
“We are discussing the possibility of postponing the second wave of planned tariffs. The Canada-U.S. trade war will likely persist for the foreseeable future. We will respond strongly as long as there are completely unjust tariffs from the U.S.”
U.S. Secretary of Commerce Lutnick was relatively moderate compared to previous comments. He expressed hope that progress on fentanyl issues would conclude by April 2, allowing discussions to shift solely to mutual tariffs.
The USMCA, which replaced NAFTA, took effect on July 1, 2020. Expectations are that mutual tariff rates will start high on April 2 and may eventually decrease.
