As expected, if Trump doesn't stir up trouble on the weekend, it's not Trump. Although the Greenland tariff incident has ended, before the Supreme Court restricts Trump's tariffs under IEEPA, tariffs remain Trump's most important political weapon. Just today, Trump publicly stated that if Canada reaches an agreement with China, all Canadian goods and products entering the U.S. will immediately be subject to a 100% tariff.

This agreement refers to the "strategic partnership" between Canada and China, with its core being cooperation in energy, clean technology, and climate competitiveness. Canada will allow up to 49,000 Chinese electric vehicles to enter the Canadian market, with a most-favored-nation tariff rate of 6.1%. In return, China will reduce the comprehensive tariff rate on Canadian rapeseed to about 15%. Canadian-produced rapeseed meal, lobster, crab, and peas will not be subject to related anti-discrimination tariffs, at least until the end of this year.

Although there is no clear information from China and Canada now, I estimate that the two countries may react on Monday. Since tariffs have not been directly increased yet, the two countries should at most issue verbal condemnations. However, the market's concern is that if Trump really imposes a 100% tariff on Canada, it is very likely to trigger retaliatory measures from both China and Canada.

Looking back at Bitcoin's data, the current turnover rate during the weekend's low liquidity is normal, mainly due to short-term investors' turnover. The market is still in slight fluctuations. The question now is whether the market will react to Trump's tariffs on Monday. Hopefully, it will just be dismissed as Trump's nonsense. I hope the Supreme Court can define Trump's tariffs sooner.

The chip distribution is still healthy, but we need to wait and see if a more stable support level can form. There's nothing else to say—just hope Trump doesn't go crazy again.