Potential Resolution in Canada-U.S. Trade War by May
- 70% chance of ending the trade war by May, based on Polymarket odds.
- 25% tariffs imposed on Canadian and Mexican products entering the U.S.
- U.S. President cited fentanyl trafficking and illegal immigration as security threats.
- Commerce Secretary Howard Lutnick indicated possible negotiations with Canada.
- Bitcoin rose 1.5%, trading above $87,000 following Lutnick’s comments.
- The CoinDesk 20 index increased by 2% amid market reactions.
A Polymarket contract suggests a 70% likelihood that the trade conflict between Canada and the U.S. will conclude by May, following Commerce Secretary Howard Lutnick’s indication of potential negotiations.
Source (2.6)https://www.coindesk.com/markets/2025/03/04/polymarket-bettors-warming-to-idea-of-canadian-tariff-reduction-after-lutnick-hint?rand=52298
