Potential Resolution of Canada-U.S. Trade War by May
- There is a 70% chance the trade war between Canada and the U.S. will end by May.
- 25% tariffs were implemented on all products from Canada and Mexico entering the U.S.
- The tariffs are due to concerns over fentanyl trafficking and illegal immigration.
- Commerce Secretary Howard Lutnick indicated possible negotiations with President Trump.
- Bitcoin rose by 1.5%, trading above $87,000 after Lutnick’s comments.
The likelihood of resolving the Canada-U.S. trade war increased to 70% following Commerce Secretary Howard Lutnick’s indication of potential negotiations with President Trump, which also positively impacted cryptocurrency markets.
Source (2.6)https://www.coindesk.com/markets/2025/03/05/polymarket-bettors-warming-to-idea-of-canadian-tariff-reduction-after-lutnick-hint?rand=52298
