Loading...
Market
How will China respond to the US 10% blanket tariff by March 31, 2025?
1
Donald Trump•Mexico•Canada•Chinese•Beijing•United States•Trump•Bank of Canada•Mexican•Claudia Sheinbaum•Canadian•Justin Trudeau•Alberta•Danielle Smith•Trudeau
Resolution / Starting Odds
Implement retaliatory tariffs • 25%
Negotiate with the US • 25%
No official response • 25%
Other actions • 25%
Official statements from the Chinese government or trade departments
Story
Trump Plans Tariffs on Mexico, Canada, and China; Includes Crude Oil, Aims to Curb Fentanyl and Immigration
Nov 26, 2024, 06:43 PM
President-elect Donald Trump has announced plans to impose a 25% tariff on imports from Mexico and Canada, including crude oil, on his first day in office. Additionally, he threatened a 10% blanket tariff on all Chinese imports until Beijing takes action against drug dealers sending fentanyl to the United States. Trump's tariffs are part of his efforts to crack down on illegal immigration and drug trafficking. The Bank of Canada warned that the tariffs would harm both economies by elevating inflation and limiting growth. Mexican President Claudia Sheinbaum threatened retaliatory tariffs on U.S. goods, stating, "One tariff would be followed by another in response." Canadian Prime Minister Justin Trudeau expressed concern and will meet with Canada's premiers to discuss a unified response. The U.S. oil industry cautioned that the tariffs could raise gasoline prices. Alberta Premier Danielle Smith supported Trump's concerns about border issues and called on Trudeau to resolve them.
View original story
Similar markets
Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
No action • 25%
Other • 25%
Retaliatory tariffs • 25%
Negotiations for trade agreements • 25%
No response • 25%
Other economic measures • 25%
Imposes retaliatory tariffs • 25%
Seeks negotiation • 25%
Takes no action • 25%
Other significant action • 25%
Relocate production • 25%
Absorb costs • 25%
Increase prices • 25%
Other • 25%
Impose retaliatory tariffs • 25%
Seek diplomatic negotiations • 25%
No significant response • 25%
Other • 25%
File a WTO complaint • 25%
Impose retaliatory tariffs • 25%
Seek bilateral negotiations • 25%
No significant action • 25%
Retaliatory tariffs imposed • 25%
Diplomatic negotiations initiated • 25%
No significant response • 25%
Other response • 25%
Increase tariffs on US goods • 25%
Negotiate trade agreements • 25%
Introduce non-tariff barriers • 25%
No significant policy change • 25%
Currency Devaluation • 25%
Tariff Retaliation • 25%
Negotiations • 25%
Other Economic Measures • 25%