US to Halve Tariffs on Canadian Steel and Aluminum

This is a trade-policy signal rather than a metals-market story, and its relevance to crypto sits at the macro level: tariff relief on key industrial inputs feeds directly into the inflation and growth assumptions that drive risk appetite and rate expectations. The direct beneficiaries are Canadian producers, but the wider read is that tariff policy remains a live, negotiable variable rather than a fixed backdrop. Whether this easing extends into broader trade talks is the open question, and that is what would matter for cross-asset positioning.