Polymarket Predicts 70% Chance Of US-Canada Trade War Ending By May

According to Odaily, data from Polymarket indicates a 70% probability that the trade conflict between the United States and Canada will conclude by May. The U.S. government, led by President Donald Trump, imposed a 25% tariff on Canadian and Mexican goods on Tuesday. However, comments from U.S. Commerce Secretary Lutnick suggested the possibility of negotiations, which eased market tensions and increased the predicted probability by 20% in a short period. Lutnick stated that President Trump aims to reach an agreement with Canada and Mexico rather than merely suspending tariffs. This development positively impacted the cryptocurrency market, with Bitcoin surpassing $87,000. Earlier, Lutnick mentioned that the Trump administration might announce a path to reduce tariffs on Mexican and Canadian goods as early as tomorrow. In an interview with Fox, Lutnick said, "Mexican and Canadian officials have been in constant communication with me today, trying to demonstrate their willingness to improve, and the President is listening. I believe he will reach some agreements with them, which will not be a simple suspension of tariffs, but I think Trump will compromise in some areas, and we are likely to announce this tomorrow." Lutnick noted that the tariffs might be set at an intermediate level, with Trump making some concessions to Canada and Mexico without fully backing down.