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Market
Canada's primary focus in response to U.S. tariff threats by June 30, 2025?
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Resolution / Starting Odds
Diplomatic negotiations • 25%
Trade retaliation • 25%
Policy changes • 25%
Other • 25%
Official statements from the Canadian government or media reports
Story
Trump Threatens 25% Tariff on Canadian and Mexican Goods Over Immigration and Drug Issues
Dec 3, 2024, 03:13 PM
President-elect Donald Trump has threatened to impose a 25% tariff on all Canadian goods if Prime Minister Justin Trudeau does not address what Trump describes as illegal immigration and drug trafficking into the United States. This tariff threat was made in response to what Trump perceives as Canada's failure to control the flow of drugs and migrants across its borders, with similar threats also directed at Mexico. The potential economic impact on Canada could be significant, with experts warning that such tariffs could cripple the Canadian economy. Trudeau has responded by convening a meeting with opposition leaders to discuss his recent visit with Trump, indicating the seriousness with which the Canadian government is taking these threats. Trudeau has also conveyed to Trump that imposing tariffs would negatively affect Americans as well.
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Retaliatory tariffs • 25%
Increased border security • 25%
Diplomatic negotiations • 25%
Other measures • 25%
Retaliatory tariffs • 25%
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Appeal to international trade bodies • 25%
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Retaliatory tariffs • 25%
Negotiations • 25%
No action • 25%
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Drug Trafficking • 25%
Illegal Immigration • 25%
Other • 25%
Energy cutoffs • 25%
Increased tariffs on US goods • 25%
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No significant action • 25%
Retaliatory tariffs • 25%
Negotiations • 25%
No action • 25%
Other • 25%
Retaliatory tariffs • 25%
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No action • 25%
Other • 25%
Negotiate with U.S. • 25%
Impose retaliatory tariffs • 25%
Seek WTO intervention • 25%
Other • 25%
Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
Appeal to international trade bodies • 25%
No significant response • 25%
Introduce new trade policies • 25%
Maintain current policies • 25%
Seek renegotiation with US • 25%
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Retaliatory tariffs imposed • 25%
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