Trump launches tariff war again! BTC rises back to 82K, Ukraine willing to cease-fire for 30 days to ease the decline in US stocks

Trump launches tariff war again! There is still selling pressure on the US stock market on Tuesday, with S&P 500 and Dow Jones index slightly rebounding. BTC rose to 82K, while Ethercoin is currently hovering around $1800.

US-Canada trade conflict escalates, Canada makes concessions in exchange for negotiation opportunities

President Trump announced that starting from Wednesday (3/12), a 25% tariff will be imposed on all imported steel and aluminum, with the tax rate on imports from Canada doubling to 50%, in response to Ontario's 25% additional tax on US electricity imports.

However, the Canadian government chose to make concessions. Doug Ford, the Premier of Ontario, decided to suspend the 25% additional tax on electricity exports to the United States after meeting with US Secretary of Commerce Howard Lutnick, in exchange for the opportunity to continue negotiations with the Trump team. Ford will visit the White House on Thursday to discuss a solution to the tariff issue with US officials.

Ukraine is willing to ceasefire for 30 days, and the decline in the US stock market has eased slightly.

And just as the global market was shaken by tariff issues, the US State Department also issued a statement, announcing that Ukraine had accepted the US proposal to cease fire for 30 days, and the US had agreed to resume intelligence sharing and military assistance with Ukraine. In addition, both sides also agreed to reach an agreement on the development of critical mineral deposits as soon as possible.

After the news came out, it slightly boosted market sentiment, and the S&P 500 and Dow Jones indexes rebounded slightly from their intraday lows. However, overall, the market is still in a highly uncertain atmosphere.

BTC has rebounded slightly to 82K, Ethercoin is in a sorry state

The cryptocurrency market remains in a state of silence, but BTC (BTC) has rebounded from 76K to 82K. As for Ethercoin (ETH), after falling below $2,000 yesterday, it remains sluggish, with the current price hovering between 1,800 and 1,880. The current cryptocurrency fear and greed index has reached 26.

(Bitcoin is facing a battle to defend eighty thousand, with Michale Saylor hinting at bottom fishing?)

This article Trump hits tariffs again! BTC rebounds to 82K, Ukraine willing to ceasefire for 30 days to ease the decline of US stocks first appeared on Chain News ABMedia.