Markets Rocked by Trump's Tariff Threats, But Crypto Soars!

Hold onto your wallets! The Dow Jones took a nosedive after President Trump rattled sabers at more countries, yet tech stocks held their ground and the crypto market? It's on fire with a bullish run!

Friday, July 11, was wild! The Dow Jones plummeted by 286 points, a gut-wrenching 0.64% drop, while the S&P 500 wasn't far behind, slipping 0.30%. But tech lovers, take heart! The Nasdaq barely flinched, down a mere 0.08% as tech and crypto kept the party going.

Get this: Bitcoin (BTC) isn't just surviving; it's thriving! Hitting a new all-time high for the third day straight at $118,856, it surged 4% in just 24 hours. And the altcoins? They're stealing the show with Ethereum (ETH) leading the charge, while XRP (XRP), Dogecoin (DOGE), and Cardano (ADA) racked up double-digit gains. It's a crypto carnival out there!

Trump's Tariff Tussle with Canada Heats Up

Brace yourselves, investors! Trump's not done stirring the pot. He's now threatening Canada with a hefty 35% tariff, up from the current 25%. But hey, there's a silver lining—some goods like oil, gas, and potash get a pass.

These industrial heavyweights fall under the USMCA agreement, facing a 10% tariff. Canada's a major player in U.S. trade, pumping in loads of energy and raw materials. It's a big deal!

And in another tariff twist, Vietnam's getting blindsided by Trump's sudden 20% tariff slap. They're scrambling to dial it back, hoping for something in the 10-15% range, according to Bloomberg.

Vietnam's no small fry in U.S. trade, boasting the third-largest trade surplus and snagging big chunks of the electronics, textiles, and footwear markets from China. Past U.S. admins saw this shift as a win, given Vietnam's friendlier ties with the U.S. compared to China. It's a global chess game, folks, and the pieces are moving fast!