Market
What will be the primary reason cited by the U.S. for imposing tariffs on Canadian imports by February 1, 2025?
2
Resolution / Starting Odds
Immigration concerns • 25%
Fentanyl influx • 25%
Trade imbalance • 25%
Other • 25%
Official statements or documents from the U.S. government or President
Story
Trudeau Promises Equivalent Tariffs if U.S. Imposes 25% Duties on Canadian Imports Starting February 1
Jan 21, 2025, 04:19 PM
Canadian Prime Minister Justin Trudeau has vowed a strong, robust, rapid, and measured response if U.S. President Donald Trump imposes 25% tariffs on Canadian imports starting February 1. Trudeau stated that Canada will respond and 'everything is on the table,' indicating a readiness to counter any such measures with equivalent tariffs. This statement follows Trump's announcement made shortly after his inauguration, where he suggested the possibility of imposing tariffs on Canada and Mexico due to concerns over immigration and the influx of fentanyl.
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