President Trump escalated trade tensions with Canada by imposing a 10% tariff on all imported goods from the country. This decision follows an Ontario-funded advertisement that was deemed offensive by Trump. The president believes the ad was AI-generated, despite conflicting reports. This move highlights potential volatility in North American trade relations and could disrupt supply chains across various sectors. The impact remains unclear, but businesses reliant on Canadian aluminum and steel are likely to see increased costs. The tariff is reminiscent of previous Section 232 measures aimed at similar industries. While there’s no direct market impact yet for cryptocurrencies, experts remain watchful regarding potential regulatory changes related to trade policy.