🌐 Geopolitics: Trade War News

The U.S.-Canada trade war, sparked by tariff escalations under the Trump administration, has intensified economic friction between the two largest North American economies. The tariffs on goods ranging from automobiles to dairy have disrupted supply chains and raised costs for U.S. exporters, while Canadian producers face retaliatory duties on agricultural products. This bilateral tension is reflected in the recent rise of Canadian dollar volatility and a modest 2.5% decline in the S&P/TSX composite index, signalling market uncertainty. For cryptocurrency markets, the trade dispute dampens risk appetite. Investors seeking diversification have turned to Bitcoin and Ethereum, which saw a 4.8% rally in early March, driven by safe‑haven sentiment. However, the heightened regulatory scrutiny—particularly over cross‑border crypto payments and supply‑chain financing—could increase compliance costs for crypto exchanges operating in both jurisdictions. Global liquidity has tightened, with the U.S.