Bitcoin hits lowest point as US imposes new tariffs on Canada, Mexico and China

According to the Wall Street Journal, the United States has announced that it will impose a 25% tariff on almost all imported goods from Canada and Mexico, a 10% tariff on energy products from Canada, and an additional 10% tariff on Chinese goods. The tariffs are in response to the problem of China smuggling fentanyl and its precursor chemicals into Mexico and Canada, which are then illegally imported into the United States. Canada has immediately responded by calling for the implementation of retaliatory tariffs of an equivalent amount. As a result, the risk market has declined, with Bitcoin falling to a low of $100,279.