Trump Imposes 35% Tariffs on Canada Starting August 2025, Nvidia Hit Records

U.S. President Donald Trump announced a sharp increase in tariffs on Canadian imports, leading to discussions about the impact of Trump tariffs on Canada in August 2025. The announcement sets a 35% tariff effective August 1, 2025, up from the previous 25% rate. These Trump tariffs Canada August 2025 move escalate trade tensions. They also rattled U.S. stock futures on Friday amid fears of broader tariff hikes on other trading partners. Meanwhile, Nvidia’s market cap surged past $4 trillion for the first time. Similarly, Bitcoin soared to record highs, demonstrating contrasting market dynamics related to Trump tariffs Canada August 2025.

📌 Key Takeaways from Trump’s Tariff and Market Moves

• 35% tariff on Canadian goods starting August 1, with possible increases if Canada retaliates.
• U.S. futures fell: S&P 500 futures down 0.4%, Nasdaq 100 futures down 0.2%, Dow futures down 0.5%.
• Nvidia becomes the first company to close above $4 trillion market cap, driven by AI demand.
• Bitcoin climbs over $118,000 amid strong institutional inflows and favourable regulations.
• Oil prices rise on speculation of further sanctions on Russia despite tariff worries, particularly involving Trump’s August 2025 tariffs on Canada.

📉Trump’s Expanded Trade War

Trump communicated the tariff hike to Canadian Prime Minister Mark Carney via a letter released on his social media platform, X. The 35% tariff applies broadly, though the United States-Mexico-Canada Agreement exemptions and energy-related tariffs remain unchanged. This increase followed the broader escalation of Trump’s Canada tariffs in August 2025 as well as on allies including Japan and South Korea, and a steep 50% tariff on copper imports.

Market Reaction: Futures Slide on Trade Concerns

U.S. stock futures retreated sharply on Friday, shaking off record closing highs set the previous day. The S&P 500 futures dropped 26 points (0.4%), Nasdaq futures slipped 42 points (0.2%), and Dow futures fell 200 points (0.5%). Despite solid weekly gains, investor sentiment soured as concerns grew over the wide-reaching impact of tariffs imposed by Trump on Canada in August 2025 on global economic growth.

Read More: Bitcoin Soars Past $117K, $1.14B in Liquidations Shake Crypto Market

Nvidia Surpasses $4 Trillion Valuation 📊

Nvidia’s shares closed Thursday with a market capitalization of $4.004 trillion, fueled by skyrocketing demand for AI technologies. The chipmaker’s stock has risen 89% since hitting April lows, cementing its position as the world’s most valuable company.

Nvidia CEO Jensen Huang highlighted the milestone as a “reinvention of computing,” underscoring the company’s innovation leadership over the past 33 years.

📉Bitcoin’s Record-Breaking Rally

Bitcoin surged past $118,000 on Friday, buoyed by strong institutional interest and supportive regulatory moves under the Trump administration. Bitcoin ETFs saw $1.18 billion in net inflows over six days, with total trading volume hitting a near-record $6.3 billion, showcasing market dynamics during the period of Trump’s tariffs affecting Canada in August 2025.

Adding to optimism, Chinese regulators recently held a strategic meeting aimed at clarifying policies on stablecoins and digital currencies. This signalled a shift toward crypto acceptance.

Oil Prices Gain on Russia Sanctions Speculation

Oil prices edged higher despite tariff concerns, supported by expectations of new sanctions on Russia amid stalled peace talks. Brent crude futures rose 0.4% to $68.94 per barrel, while U.S. West Texas Intermediate climbed 0.6% to $66.96, demonstrating volatility associated with Trump’s Canada tariffs from August 2025.

💬 How do you think Trump’s tariffs will affect markets and global trade? Share your thoughts below and follow us for the latest economic news updates! 📉🚀💰

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