Polymarket Traders Bet on Canadian Tariff Cuts After Lutnick Hints at Negotiations

There`s a 70% chance that the trade war between Canada and the U.S. will be over by May, according to odds on a Polymarket contract on the topic , as Commerce Secretary Howard Lutnick told Fox Business that U.S. President Donald Trump was open to negotiation. On Tuesday morning, Canada and Mexico faced the implementation of 25% tariffs on all products entering the U.S., with President Trump citing their failure to curb fentanyl trafficking and illegal immigration as a national security threat. But later in the day, Lutnick appeared to offer a potential avenue for negotiation, with odds rising 20% in a few hours on Polymarket. I think [Trump is] going to work something out with them," Lutnick said. "It’s not going to be a pause, none of that pause stuff, but I think he’s going to figure out: you do more, and I’ll meet you in the middle someway and we’re going to probably announce that tomorrow." Lutnick`s comments also appeared to calm crypto markets on `Turnaround Tuesday` with bitcoin (BTC) up 1.5% and trading comfortably above $87,000, according to CoinDesk Indices data . The CoinDesk 20 (CD20) , a measure of the performance of the world`s largest digital assets, is up 2% on the news.

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Source: CoinDesk