In response to Donald Trump's decision to impose hefty tariffs on China, Canada, and Mexico, Prime Minister Justin Trudeau has imposed the same taxes on American goods. This has further escalated tensions between the nations, with Mexico also preparing to retaliate and China planning to challenge the tariffs at the World Trade Organization. The weekend's financial markets were affected by the news, with Bitcoin's price falling from over $106,000 to under $98,500. Meanwhile, gold initially rose to a new all-time high before retracing. The impact on non-crypto financial markets, including gold, will be clearer when trading resumes on Monday. The impact on crypto, particularly Bitcoin, may worsen if there is a larger sell-off in the coming days.



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