Will Trump reduce majority of tariffs before July?

• 01
  Price move

  Up 6pp over 24h

  Now 100¢; +0.2pp in the last hour.

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On April 2, 2025, Donald Trump announced reciprocal tariffs above the 10% baseline on 76 countries (59 countries specifically listed and the EU). See: https://www.theguardian.com/business/2025/apr/03/trumps-tariffs-the-full-list. This market will resolve to “Yes” if Donald Trump signs any federal legislation or performs any executive action that lowers, pauses, delays, or removes the blanket "reciprocal" tariff on imports from 39 of the listed countries by June 30, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”. Actions that lower, pause, delay, or remove the general ‘reciprocal’ tariffs on imports from the listed country will qualify, however item specific exceptions or changes to tariffs which are not the general reciprocal tariff will not count. A reduction in the reciprocal 20% tariff on the EU will count for all 27 countries. A reduction in the reciprocal tariff on a specific EU member state will also count towards the total. The removal or reduction of the 10% general tariff on all imports into the U.S. will not qualify. Any action officially enacted within the market’s time frame will qualify, regardless of when the change goes into effect. This market’s primary resolution source will be official information from the Trump administration; however, a consensus of credible information from major news outlets or government statements will also be used.

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