Hupzy (Spot On Chain)|Jul 20, 2026 21:17
Trump signed 3 proclamations imposing an ๐ฎ๐ฑ๐ฑ๐ถ๐๐ถ๐ผ๐ป๐ฎ๐น ๐ฑ๐ฌ% ๐๐ฎ๐ฟ๐ถ๐ณ๐ณ on Canadian goods under Section 338 of the Tariff Act of 1930, effective in ๐ฏ๐ฌ ๐ฑ๐ฎ๐๐.
Each proclamation targets a separate set of Canadian imports where the US claims trade discrimination. Canada is the US's largest trading partner โ this ripples through lumber, energy, metals, and agricultural supply chains.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: Section 338 is rarely invoked โ its use signals a deliberate escalation path, not routine trade policy. The 30-day window gives markets time to price in impact, but expect immediate risk-off across equities and commodities. Trade war escalation drives inflation expectations higher and pressures risk assets including BTC. Watch for Canadian retaliation, which could amplify volatility further.
source: KobeissiLetter
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