Escalating Tariffs Signal Potential Trade War; BTC dropped, Markets Braced for Monday Red

The financial markets are poised for a turbulent Monday as the United States has announced a series of aggressive tariff impositions against its major trading partners, Canada, Mexico, and China. This move, which includes a 25% tariff on goods from Canada and Mexico, and a 10% tariff on Chinese imports, has set off alarms of a possible new trade war, potentially leading to a significant downturn in the stock market. China says it will take retaliatory measures against US President Trump's new tariffs.

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In respond Canada has announced its own 25% tariffs on U.S. goods, indicating a clear sign of retaliation. Mexico has also signaled that it is preparing counter-tariffs, though specifics remain under wraps pending further discussions.

Rising U.S. prices for nickel, potash, uranium, steel, and aluminum will increase costs for various products. Nickel impacts electronics and vehicles, potash affects food prices, uranium raises energy costs, steel impacts construction and automotive, and aluminum affects cars, packaging, and aerospace. Overall, consumers will face higher prices across multiple sectors.

American consumers bearing the brunt of the costs. This situation signals the beginning of a "global monetary reset," and many are advising to hoard gold as a hedge against the shifting economic landscape. Trudeau's retaliatory tariffs are being criticized as the "stupidest" move, with some analysts suggesting that Canada could face severe economic difficulties if it cannot find alternative markets outside the U.S. market.


In a significant development for the cryptocurrency market, Bitcoin has just dropped back under the $100,000 mark, signaling a possible shift in investor sentiment or reaction to broader market dynamics. Both the fake Bloomberg news story about Mar 1 tariff delays followed by a market selloff are designed to screw retail. A 25% tariff at the U.S. border doesn’t necessarily lead to a 25% increase in retail prices, even if the full cost is passed on to consumers. The final price is influenced by factors such as global market alternatives, markups at different stages, domestic production, currency exchange rates, and demand elasticity.

Theoretically tariffs should drive liquidity into the Dollar & US markets as a safe haven. Tariffs were a known known. A market rally this week will shock everyone forcing short covering.

$U.S. Steel(X)$  $Uranium(UEC)$ $Ur-Energy(URG)$  $Energy Fuels(UUUU)$  $MP Materials Corp.(MP)$  

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# 💰 Stocks to watch today?(3rd Feb)

Modify on 2025-02-02 19:01

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  • Ah_Meng
    ·04:51
    Donald Trump has always used tariffs as his bargaining chip... He had declared tariffs as his principal weapon even before he became the President. Will the market sells down on the news? An initial kneejerk reaction is likely... is the subsequent reactions that are worth watching... nice little piece of work here, @Shernice軒嬣 2000 for a Sunday... [Happy] [Sly]
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  • 400k
    ·02-02 15:59
    New year, new drama, new opportunities!
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