Trump Unleashes 100% Tariff Threat on Canada, Gold Prices Explode Past $5,000!

Washington D.C. / London / Ottawa – The world economy is on edge! President Donald Trump has issued a stunning threat: a 100% tariff on all Canadian goods. This bombshell drops if Canada dares to forge a trade agreement with China. The drastic warning has immediately triggered market chaos.

This geopolitical earthquake sent gold prices rocketing. The precious metal just breached an unprecedented $5,000 an ounce for the first time ever. Investors are scrambling for safety amidst severe global uncertainty.

Trump's Tariff Ultimatum Rocks North America

President Trump's tariff threat landed after Canadian Prime Minister Mark Carney’s recent speech in Davos. Carney’s remarks were widely seen as a pushback against US trade actions. The US President's demand is clear: Canada must avoid any new trade ties with Beijing.

Canadian Prime Minister Mark Carney quickly responded. He clarified that Ottawa has "no intention of pursuing such an agreement" with China. Carney stated recent discussions focused only on reducing tariffs in a few sectors. This high-stakes drama intensifies an already tense trade relationship.

The potential for a 100% tariff has businesses in Canada bracing for impact. Previous US tariffs have already led to significant job losses. Canada's labor market stumbled after earlier US tariff impositions. The country's manufacturing sector has been hit particularly hard.

Gold Explodes as Safe Haven

As trade tensions escalate, the price of gold has soared. The yellow metal surged past $5,000 an ounce today. This marks an all-time high, driven by investors seeking security. Geopolitical risks and fears of a US government shutdown fuel this demand.

• Gold hit $5,000 an ounce.

• Investors seek stability.

• Global tensions are spiking.

WTI crude oil futures also saw volatility. Prices slipped below $61 per barrel on Monday. Geopolitical concerns in the Middle East are also influencing oil markets. The deployment of a US aircraft carrier strike group raised concerns.

Shocking Tech Privacy Flaw Revealed

In other breaking business news, a major privacy flaw has stunned the tech world. Microsoft reportedly gave the FBI keys to unlock encrypted user data. This revelation exposes a significant privacy concern for millions.

Microsoft confirmed it receives around 20 requests annually for BitLocker keys. The company provides these to governments with valid court orders. However, competitors like Apple and Meta design systems to prevent such access. This raises serious questions about data security for users worldwide.

TikTok's US Future Secured

Meanwhile, TikTok has reportedly secured its future in the United States. The popular video app finalized a deal to operate under majority American ownership. This agreement avoids a potential US ban. Parent company ByteDance will retain a nearly 20% stake. This is a huge win for the social media giant.

What's Next

The coming days will be critical. All eyes are on Washington and Ottawa for any further developments in the tariff dispute. Markets will react swiftly to any new statements. Gold prices could remain highly volatile. The tech industry faces increased scrutiny over data privacy following the Microsoft revelation. Expect consumers to demand more transparency from tech giants. The stakes are higher than ever for global trade and individual privacy.