Loading...
Market
How will Mexico respond to US tariff threats by February 28, 2025?
2
Donald Trump•Canada•Mexico•China•Toronto•Canadian•US•Canadian Conservative•Pierre Poilievre•Justin Trudeau•Ontario•Doug Ford•Loonie•Trump•US Treasuries
Resolution / Starting Odds
Introduce retaliatory tariffs • 25%
Seek diplomatic negotiations • 25%
No significant response • 25%
Other • 25%
Official statements or policy changes from the Mexican government
Story
Trump Threatens 25% Tariff on Canada, Mexico, 10% on China on First Day
Nov 26, 2024, 05:10 PM
President-elect Donald Trump has threatened to impose a 25% tariff on goods from Canada and Mexico, and an additional 10% on imports from China, effective from his first day in office. This announcement has led to a decline in industrial stocks in Toronto, with the Canadian oil industry highlighting the economic and security benefits of its exports to the US. The proposed tariffs are expected to drive up costs across industries, including higher US petrol prices and weaker US refining margins, as warned by oil producers. In response, Canadian Conservative Leader Pierre Poilievre has urged Prime Minister Justin Trudeau to change course on several policies, including the carbon tax, to address the economic implications of these tariffs. Ontario Premier Doug Ford described the tariff threat as a 'stab in the heart' for Canada. The Loonie has fallen to its lowest since 2020 following Trump's announcement, reflecting the market's reaction to the potential trade war. US carmaker stocks have tumbled on worries that these tariffs will drive up costs across the industry, and US Treasuries have also seen a decline.
View original story
Similar markets
Increase border security • 25%
Negotiate trade terms • 25%
Seek international mediation • 25%
No significant response • 25%
Mexico imposes retaliatory tariffs • 25%
Mexico seeks renegotiation of trade terms • 25%
Mexico takes no immediate action • 25%
Mexico files a complaint with the WTO • 25%
Mexico complies with demands • 25%
Mexico negotiates alternative solution • 25%
Mexico retaliates with own tariffs • 25%
No significant response • 25%
Negotiate with the US • 25%
Implement counter-tariffs • 25%
Take no action • 25%
Other response • 25%
Complies with demands • 25%
Negotiates a compromise • 25%
Retaliates with tariffs • 25%
No significant action • 25%
Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
No action • 25%
Other • 25%
Implement new border security measures • 25%
Negotiate with the U.S. • 25%
Retaliatory tariffs • 25%
No significant action • 25%
Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
No action • 25%
Other • 25%
Increased drug seizures • 25%
Trade negotiations • 25%
Retaliatory tariffs • 25%
No significant response • 25%
Retaliatory tariffs • 25%
Negotiations without tariffs • 25%
No response • 25%
Other measures • 25%
Retaliatory tariffs • 25%
Diplomatic negotiations • 25%
Legal action through WTO • 25%
No significant action • 25%
