In July, the US administration chose to withdraw from the long-term USMCA agreement, shifting it to a year-to-year deal

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In mid-July, the White House announced its intent to apply tariffs on Canadian imports of alcohol, dairy, and motor vehicles

The breakdown of the US-Canada financial relationship is a component of the controlled dismantling of the offshore dollar system

Canada has implemented its own 50% retaliatory tariffs on US exports

The US has implemented 50% tariffs on Canadian imports of alcohol, dairy, and motor vehicles

In June, President Trump signaled a desire to renegotiate the terms of the US-Mexico-Canada Agreement (USMCA)

Bitcoin's price followed gold's increase during the period of heightened US-Canada trade tensions

The White House granted a three-day extension for a new trade deal with Canada, but the deadline lapsed without an agreement

The panic buying that drove Bitcoin's price surge coincided with the breakdown of the US-Canada trade relationship