According to The Kobeissi Letter, the trade war has significantly diminished economic confidence in Canada, primarily due to the potential catastrophic effects of tariffs. These tariffs pose a substantial risk as Canadian exports to the US account for 78% of their total exports, while only representing about 14% of US imports. This imbalance highlights the potential negative impact on Canadian trade and economic stability. Source: The Kobeissi Letter.

According to @PhilipKBell for @PittsburghPG, one of President Donald Trump’s most impactful moves during his first term was applying 25% tariffs on nearly all steel imports, which led to a revival in the American steel industry.

According to Kekalf, The Vawlent (@NFT5lut), the call for 'less imports and consumerism, more exports and protectionism' could influence global economic policies, potentially affecting cryptocurrency trading by increasing volatility and altering market dynamics as nations adjust their trade strategies.