There is a 70% chance that the trade war between Canada and the United States will be over in May, according to odds on a polyming contract on the subject when trade secretary Howard Lutnick told Fox Business that US President Donald Trump was open to negotiation.
On Tuesday morning, Canada and Mexico faced the implementation of 25% duty on all products coming into the United States, with President Trump, citing their failure to limit fentanyl trading and illegal immigration as a national security threat.
But later in the day, Lutnick seemed to offer a potential opportunity for negotiation, with odds that rose 20% in a few hours on the polymemarket.
I think [Trump is] To go on something with them, “Lutnick said of Fox Business.” It won’t be a break, none of these break things, but I think he’ll find out: You’re doing more and I’ll meet you in the middle somehow and we’ll probably announce it tomorrow. “
Lutnick’s comments also seemed to reassure crypto markets on ‘Turnaround Tuesday’ with Bitcoin (BTC) up 1.5% and act comfortably over $ 87,000, according to Coindesk Indices data.
Coindesk 20 (CD20), a measure of the performance of the world’s largest digital assets, has increased by 2% on the news.
