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What will be the outcome of U.S.-China trade negotiations by March 31, 2025?
2
Resolution / Starting Odds
New tariffs agreed • 25%
Tariffs reduced • 25%
Status quo maintained • 25%
Trade agreement reached • 25%
Official announcements from U.S. or Chinese trade representatives or agreements published in trade journals
Story
China and Canada Warn After Trump's Tariff Plan: 'No One Wins a Trade War'
Nov 26, 2024, 03:51 AM
China has warned that 'no one will win a trade war' following U.S. President-elect Donald Trump's announcement of plans to impose significant tariffs on imports from China, Mexico, and Canada. The proposed tariffs include an additional 10% to 60% on Chinese goods, reportedly in response to issues such as the illegal drug trade and immigration. The Chinese Embassy in Washington emphasized that U.S.-China economic and trade cooperation is mutually beneficial, cautioning against the negative consequences of a trade war or tariff war. Canada's Foreign Minister Chrystia Freeland also responded to Trump's tariff plan, expressing concerns over the new tariffs affecting Mexico and Canada. Both China and Canada have expressed apprehension about the potential impact on global trade relations.
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New trade agreement reached • 25%
Trade tensions escalate • 25%
Status quo maintained • 25%
Other outcome • 25%
New trade deal reached • 25%
Trade negotiations stall • 25%
Trade war escalates • 25%
Status quo maintained • 25%
New trade agreement • 25%
Increased tariffs • 25%
Status quo maintained • 25%
Escalation of trade tensions • 25%
New trade agreement • 25%
No agreement reached • 25%
Temporary truce • 25%
Escalation of trade war • 25%
Improved relations • 25%
Status quo maintained • 25%
Increased tensions • 25%
New trade agreement • 25%
New trade agreement reached • 25%
Increased tariffs without agreement • 25%
Status quo maintained • 25%
Other outcome • 25%
Improved relations • 25%
Status quo maintained • 25%
Increased tensions • 25%
Other • 25%
Resolution reached • 25%
Ongoing negotiations • 25%
Escalation of tensions • 25%
Stalemate • 25%
Improved relations • 25%
Deteriorated relations • 25%
Status quo maintained • 25%
Other significant event • 25%
Yes, with major concessions from the U.S. • 25%
Yes, with major concessions from China • 25%
Yes, with equal concessions from both sides • 25%
No agreement reached • 25%