According to CoinMeta, and as reported by Bloomberg, President Trump vows to double the existing tariffs on the Canadian automotive industry, escalating the trade dispute with Canada. Melissa Xin from Bloomberg stated that negotiators from both Canada and the United States understand the importance of the automotive industry to their respective countries. Xin pointed out that the widespread tariffs are expected to affect about 90,000 jobs and will have a disproportionate impact on small businesses that may not receive government support.