🇺🇸 TRUMP WARNING 100% TAX ON CANADA IN THE CENTER OF THE TRADE WAR
On January 24, 2026, President Donald Trump issued a strong warning, threatening to impose a 100% tax on all Canadian goods entering the U.S. if Ottawa continues to implement its trade agreement with China.
According to AP, in a social media post, Trump accused Canadian Prime Minister Mark Carney of wanting to turn the country into a "drop-off port" — a bridge for Chinese goods to enter the U.S. without being taxed.
This move comes amid rising trade tensions between the two countries, as Canada recently reached an agreement with Beijing on electric vehicles and agricultural products, expanding bilateral economic relations. Trump even rescinded Carney's invitation to participate in the "Board of Peace" initiative and emphasized the discord in bilateral relations.
Although no 100% tax measures have been implemented yet, this warning raises concerns about a deeper rift in U.S.-Canada relations, which are based on the previously effective USMCA trade agreement.
Experts suggest that if tensions continue, this could lead to retaliatory measures, affecting North American trade and the sentiment of risk assets such as Bitcoin and stocks.