Market
How will Canada respond to U.S. tariff threat by February 2025?
2
Resolution / Starting Odds
Retaliatory tariffs • 25%
Negotiations • 25%
Legal action • 25%
No response • 25%
Official announcements from the Canadian government
Story
Trump Proposes Canada as 51st State, Promises Better Health Coverage and Tax Cuts Amid 25% Tariff Threat on February 1
Jan 26, 2025, 02:23 AM
U.S. President Donald Trump has stated that Canadians would benefit from 'much better' health coverage and a 'tremendous' tax cut if Canada were to become the 51st state of the United States. Trump made these remarks during a briefing in North Carolina, suggesting that such a move would eliminate tariffs between the two countries. He also mentioned his intention to impose 25% tariffs on Canadian exports starting February 1, emphasizing that the U.S. does not need Canada's cars, lumber, and food products. Trump's comments come amidst ongoing discussions about the U.S.-Canada trade relationship, which supports 3.7 million jobs across both nations and involves $3.6 billion in daily trade. Canada's total forestry exports alone were valued at $45.6 billion in 2022.
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Similar markets
Seek WTO intervention • 25%
Negotiate with U.S. • 25%
Impose retaliatory tariffs • 25%
Other • 25%
Dollar-for-dollar tariffs • 25%
No action • 25%
Non-tariff measures • 25%
Partial tariffs • 25%
Diplomatic negotiations • 25%
Other • 25%
No significant response • 25%
Retaliatory tariffs • 25%
Negotiations initiated • 25%
Other economic measures • 25%
Retaliatory tariffs • 25%
No response • 25%
Increased border security • 25%
Other measures • 25%
Diplomatic negotiations • 25%
Retaliatory tariffs • 25%
Retaliatory tariffs • 25%
Other • 25%
No action • 25%
Negotiations • 25%
Non-tariff barriers • 25%
Dollar-for-dollar matching tariffs • 25%
Diplomatic measures • 25%
No response • 25%
Negotiations • 25%
No action • 25%
Other measures • 25%
Retaliatory tariffs • 25%
Targeted sector-specific tariffs • 25%
Dollar-for-dollar tariffs • 25%
No retaliation • 25%
Non-tariff barriers • 25%