According to BlockBeats, on August 24th, based on HTX market data, after Trump announced that he would raise tariffs on Canadian automobiles and steel to 50%, Bitcoin briefly fell by more than 2%, breaking below $78,000 and currently trading at $78,362.

According to BlockBeats, on August 24th, based on BIT (bit.com) market data, the optical communication sector in the US stock market suffered a significant setback at the opening, with AAOI plummeting by over 17%. The company's proposed $600 million share issuance at market value has brought short-term structural selling pressure and continued downward pressure on its stock price. Specifically:

Roundhill Optical Module ETF (LYTE) plunged 7.3%;

The Pure Photonics ETF (FOTO) fell 5.8%.

Applied Optoelectronics (AAOI) fell 17.47%;

Corning (GLW) fell 4.4%;

Coherent (COHR) fell 8.4%;

MRVL Technology (MRVL) fell 6.9%;

LITE (Lumentum Holdings) fell 7.5%;

CIEN (Ciena Corporation) fell 7.3%.

On August 21, Applied Optoelectronics (AAOI) announced a share distribution agreement with Raymond James and Needham & Company to launch an offering of up to $600 million at market price (ATM) to sell common stock in batches at market prices at any time. The company has no mandatory obligation to sell the shares and can suspend or terminate the offering at any time. The offering is primarily intended to provide flexible financing to support business expansion.

According to BlockBeats, on August 24, US President Trump will raise tariffs on Canadian automobiles and steel to 50%.

Trump tweeted: "Canada has been taking advantage of the United States for years. They impose outrageously high tariffs on American farmers and agricultural products, making it difficult for these great American patriots to make a living, and creating a long-standing $60 billion trade deficit between the two countries. This situation is unsustainable and will not continue! Starting January 1, 2027, tariffs on all cars, trucks, large and small, as well as auto parts and steel, will increase to 50%. Products manufactured in the United States will not be subject to any tariffs. Canada will no longer be treated as a state! Canada is one of the most difficult countries in the world to deal with, both in trade and in other areas. They think they deserve special treatment, but the truth is, we don't need Canada, they need us! 95% of Canada's business is with the United States, while our situation is exactly the opposite!"