Trump may reduce tariffs on Canada and Mexico》Bitcoin rebounds to break through 88,000, Ethereum defends $2,150, TSMC ADR rises 4%

The US President Trump's measures to impose a 25% tariff on major trade partners Mexico and Canada officially took effect in the early hours of the 4th Eastern Time, pushing the cryptocurrency market to plummet across the board yesterday, and the US stock market also fell across the board after the opening on the 4th. However, the event is turning around again. US Commerce Secretary Rautner revealed this morning that Trump may announce as early as the 5th that he will provide a buffer for tariffs on goods from Mexico and Canada. In an interview with Fox Business, he said: "Mexico and Canada have been calling me all day today, trying to make it clear that they will do better, and President Trump is also listening... So I think he will find some way with them, not a suspension, but I think he will figure out a way: you (Mexico, Canada) do more, and I will find a compromise with you, we will probably announce it tomorrow." Based on Rautner's disclosure, although it will not be completely cancelled, Trump may soon lower the high 25% tariffs on Mexico and Canada. The US stock market's decline was somewhat alleviated at the close, either due to this impact or because investors are betting again that the Federal Reserve will cut interest rates due to the risk of economic recession. Taiwan Semiconductor ADR, which just announced an additional $100 billion investment in the US, rebounded 4.06% to close at $180, and Nvidia also closed up 1.69%, driving the Philadelphia Semiconductor Index to close higher. - The Dow Jones Industrial Average plunged 670.25 points or 1.55% to close at 42,520.99 points. - The S&P 500 index fell 71.57 points or 1.22% to close at 5,778.15 points. - The Nasdaq index fell 65.03 points or 0.35% to close at 18,285.16 points. - The Philadelphia Semiconductor Index rose 29.13 points or 0.64% to close at 4,604.50 points. In the Bitcoin market, the drop in US stocks after the opening yesterday caused BTC to briefly slide to a low of $81,500. However, as the decline in US stocks was alleviated, Bitcoin also started a rebound, breaking through $88,000 this (5th) morning. As of the time of writing, it is temporarily reported at $87,058, up 1.32% in the last 24 hours. The top 10 Altcoins also saw some increases: - ETH rose 2.46% in the last 24 hours to $2,167. - XRP rose 4.58% in the last 24 hours to $2.45. - SOL rose 1.22% in the last 24 hours to $143. - ADA rose 11.8% in the last 24 hours to $0.92.