Analysis: Polymarkets probability of the US-Canada trade war ending before May jumps to 70%, the crypto market may rebound on this news

Odaily News Polymarket data shows that there is a 70% probability that the US-Canada trade war will end before May. The Trump administration imposed a 25% tariff on Canadian and Mexican goods on Tuesday, but Lutnick later hinted at the possibility of negotiations, which eased market sentiment and the probability of related predictions rose by 20% in a short period of time. Lutnick said that Trump hopes to reach an agreement with Canada and Mexico rather than simply suspend tariffs. Influenced by this news, the crypto market rose, and Bitcoin broke through $87,000. (CoinDesk)
Earlier news, U.S. Commerce Secretary Lutnick said on Tuesday that the Trump administration may announce a way to reduce tariffs on Mexican and Canadian goods as early as tomorrow. Lutnick said in an interview with Fox: Mexican and Canadian officials have been on the phone with me all day today, trying to show that they will do better, and the president is listening, so I think he will reach some agreement with them. This will not be a suspension of tariffs or something like that, but I think Trump will compromise with them in some aspects, and we will most likely announce it tomorrow. Lutnick said that the tariffs may be set at somewhere in the middle and Trump will make some compromises to Canada and Mexico, but will not give in completely.