Polymarket entrepreneurs bet on Canadian tariff cuts after Lutnick’s hints of negotiations
There is a 70% chance that the trade war between Canada and the US will be completed in May, according to odds in a Polymarket contract with subjectAs Secretary of Commerce Howard Lutnick Said to Fox Business US president Donald Trump is open to negotiations.
On Tuesday morning, Canada and Mexico faced the implementation of 25% tariffs on all products entering the US, with President Trump mentioning their failure to hinder fentanyl trafficking and illegal immigration as a national security threat.
But eventually during the day, Lutnick appeared to offer a potential avenue for negotiations, with odds rising by 20% to some time on the polymarket.
I think (Trump will) do something to them, “Lutnick told the Fox business.” It won’t be a pause, none of those things are paused, but I think he’s going to go: You are still doing it, and I will meet you in the middle of however and maybe we will announce that tomorrow. “
Lutnick’s comments appeared to calm crypto markets On ‘Turnaround Tuesday’ with Bitcoin (BTC) up to 1.5% and comfortable in trading than $ 87,000, According to CoinDesk’s data indices.
The CoinDesk 20 (CD20)A performance measurement of the world’s largest digital assets, has reached 2% in the news.
