Will Trump remove majority of reciprocal tariffs before 90 day deadline?
On April 2, 2025, Donald Trump announced reciprocal tariffs above the 10% baseline on 76 countries (59 countries specifically listed and the EU). On April 9, Trump suspended all these tariffs other than those on China for 90 days until July 9, 2025, 12:01 AM ET (see: https://www.whitehouse.gov/presidential-actions/2025/04/modifying-reciprocal-tariff-rates-to-reflect-trading-partner-retaliation-and-alignment/) This market will resolve to “Yes” if Donald Trump announces he will further delay, remove or lower the "reciprocal" tariff on imports from 38 of the countries by July 8, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”. Actions that lower, further delay, or remove the general ‘reciprocal’ tariffs on imports from the relevant countries 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. 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.