5/4/2025, 6:27:02 pm

Betting markets see slim chances of Trump backing down on tariffs

Trump's tariffs have fueled stock market fears and economic downturn concerns. Betting markets predict low chances of tariff removals in the near term, with only 3% odds for China and 15% for Canada by May, though optimism rises for later years. Trump views tariffs as a negotiating tool offering possible cuts for favorable deals. Recession fears are high, with betting markets showing a 60% chance.