The tension between the two North American giants continues to escalate as US President Donald Trump just warned on his social media platform that he is willing to tax its northern neighbor with a 100% tariff if Canada makes a deal with China.<\/p>\n
Given the historical impact of tariffs or even their threat on BTC, it\u2019s worth keeping an eye on the asset\u2019s price moves over the next 48 hours.<\/p>\n
Minutes ago, Trump took it to Truth Social to warn<\/a> Canada about the aforementioned 100% tariffs if Prime Minister Mark Carney strikes a deal to become a \u201cdrop off port\u201d for China to \u201csend goods and products into the United States.\u201d He went even further, claiming that such a deal with the Asian giant could be devastating to Canada\u2019s economic prosperity:<\/p>\n \u201cChina will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric, and general way of life.\u201d<\/p>\n The first reports about this \u201cnew strategic partnership\u201d between Canada and China emerged about a week ago. The preliminary trade deal aims<\/a> at reducing tariffs, including a commitment to import almost 50,000 EVs from China at preferential tariff rates.<\/p>\n Before today\u2019s threat, Trump withdrew his invitation for Canada to join his Board of Peace initiative after claiming during his Davos speech that Canada \u201clives because of the United States.\u201d<\/p>\n Bitcoin\u2019s price has been severely impacted by even the mere threats of tariffs from the US against other nations, especially if they are supposed to be allied countries. Recall that just last week, after Trump announced<\/a> new tariffs against several EU states, BTC tumbled from over $95,000 to $87,000 from Monday until Wednesday.<\/p>\n It briefly dipped by a more modest $500 minutes ago after Trump\u2019s statement on Truth Social, but more volatility could be expected on Monday morning when other financial markets open.<\/p>\n <\/a>BTCUSD Jan 24. Source: TradingView<\/p>\n \u00a0<\/p>\n The post Bitcoin Price in the Crosshairs Again as Trump Threatens Canada With 100% Tariffs<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The tension between the two North American giants continues to escalate as US President Donald Trump just warned on his social media platform that he is willing to tax its northern neighbor with a 100% tariff if Canada makes a deal with China. Given the historical impact of tariffs or even their threat on BTC, […]<\/p>\n","protected":false},"author":0,"featured_media":129663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-129662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/129662"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129662"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/129662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/129663"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>BTCUSD Jan 24. Source: TradingView<\/p>\n\u00a0<\/p>\nThe post Bitcoin Price in the Crosshairs Again as Trump Threatens Canada With 100% Tariffs<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"The tension between the two North American giants continues to escalate as US President Donald Trump just warned on his social media platform that he is willing to tax its northern neighbor with a 100% tariff if Canada makes a deal with China. Given the historical impact of tariffs or even their threat on BTC, […]<\/p>\n","protected":false},"author":0,"featured_media":129663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-129662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/129662"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129662"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/129662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/129663"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/01\/BTCUSD-Jan-24-1.png\"){kind=link}