As Bitcoin
$94,623‘s price stands at $94,600 and altcoins continue to descend, significant announcements are emanating from Trump’s meeting with Canada’s Carney. Trump’s call for friendship, along with demands for concessions, and the much-anticipated major announcement scheduled for this week, have caught considerable attention.
Trump and Tariffs
In a bold statement, Trump expressed a desire for Canada to potentially become the 51st state, noting that “it takes two to tango” and emphasizing dialogue is needed only if both parties are willing. Although Trump mentioned fostering good relations with Canada, a formal agreement has not been reached yet. Furthermore, the cabinet previously hinted that a tangible trade agreement with one of the ten largest economies might be realized this week.
Trump confirmed imminent announcements for Thursday or Friday, emphasizing their potential significance. Key points from his statements included shared commonalities in planned endeavors, hinting at a monumental announcement predating his Monday departure. The necessity of renegotiating the USMCA surfaced as a possibility, indicating a probable start to such negotiations soon.
Addressing the concept of Canada as the 51st state, Trump reiterated the duality of dialogue, suggesting discussions only if both entities show interest. He also remarked on America’s energy abundance, while Canadian Prime Minister Carney firmly declared Canada is not for sale and never will be. Current conditions and their evolution over time will determine any sale possibilities.
Concerning China, Trump maintained his stance that the absence of trade with China results in no losses for the U.S. However, acknowledging China’s desire to negotiate, he anticipated meeting at an opportune moment. Trump observed that Chinese ships are turning back across the Pacific, and noted that the Chinese economy suffers from a lack of trade with the U.S.
Despite expectations of trade-related announcements in the upcoming days, Trump suggested it might not be necessary to make any declarations soon. This ambiguity and inconsistency emit further uncertainty in the trading and cryptocurrency realms.
The mixed signals from the Cabinet about forthcoming announcements being possible yet uncertain, compounded by Trump’s sudden suggestion they might not occur, present a challenging scenario for cryptocurrency investors. This persistent uncertainty and contradiction exempted from Trump’s narrative are increasingly straining investors.
