Bitcoin recovered above $79,000 after briefly falling toward $78,200 when President Donald Trump threatened to raise tariffs on Canadian vehicles, automotive parts and steel to 50% from Jan. 1, 2027. BTC later traded near $79,300, up more than 2% over 24 hours, and approached $80,000 after an intraday high close to $79,900. The move followed the collapse of three days of U.S.-Canada trade negotiations without an agreement. Trump said in an Aug. 24 Truth Social post that the United States would impose the higher rate on Canadian cars, trucks, automotive parts and steel, writing, "Build in the U.S. and there are ZERO TARIFFS." Reuters reported that the proposed agreement would have reduced the main U.S. tariff on Canadian cars and light trucks from 25% to 15%, and duties on Canadian aluminum and steel from 50% to 25%, but negotiators did not settle issues including whether relief would cover medium- and heavy-duty trucks. Canada plans retaliatory tariffs on selected U.S. products from Sept. 8, while Prime Minister Mark Carney called the dispute a trade war. The highly integrated North American auto supply chain could expose U.S. vehicle prices, automaker earnings and production to disruption. Bitcoin's recent advance has also been supported by expanded U.S. Treasury buybacks of longer-dated government securities and about $1.92 billion of inflows into U.S. spot Bitcoin ETFs across five sessions. The tariff threat has so far produced a smaller market reaction than earlier disputes, partly because Bitcoin entered the announcement with strong upward momentum.