Ontario aired an ad quoting Ronald Reagan, leading Trump to end US-Canada trade talks, labeling the ad as โFAKE.โ
While the trade dispute has political implications, no direct cryptocurrency market impact is evident from current data.
Trump Cites Reagan Ad as Talk Termination Reason
The US-Canada trade discussions were terminated after the airing of a controversial Canadian advertisement using former President Ronald Reaganโs words.
Donald Trump ended negotiations, calling the ad โFAKE.โ The ad was funded by the Ontario government and quoted Reaganโs 1987 anti-tariff speech. An official statement from the Ronald Reagan Presidential Foundation and Institute claimed, โThe ad misrepresents the Presidential Radio Address, and the Government of Ontario did not seek nor receive permission to use and edit the remarks.โ
No Crypto Market Impact from Trade Talk Halt
No immediate impact is observed on the cryptocurrency market. The termination is due to the advertisement which allegedly misrepresents Reaganโs speech.
Historical trade tensions, like the US-China trade war, showed only short-lived volatility in economic hedges, with no significant DeFi token price changes noted on major platforms like CoinMarketCap.
Past Trade Conflicts Show Minimal Crypto Correlation
Past events, such as the US-China trade conflict, led to temporary shifts in economic assets. Current data shows no immediate correlation with crypto markets.
Experts suggest that as of now, crypto assets remain unaffected by this event, with no substantial liquidity or trading variations reported on major exchanges.
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