TOTAL VOLUME:

$154.1b

24H VOL:

$172,394,893

24H TRANSACTIONS:

2,983,476,643

OPEN INTEREST:

$1,821,572,886

404,136

Markets across

40,075

events

MATCHED EVENTS:

4,369

PLATFORM COVERAGE:

5

Polymarket:

37%

VS.

Kalshi:

63%

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Politics
When will Trump raise tariffs on Canada?
kalshi

When will Trump raise tariffs on Canada?

Volume:
$19,411

Before Nov 1, 2026

 - Kalshi

Before Nov 1, 2026 - Kalshi

1W

News

Positive

Negative

Neutral

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Vol.

·

Resolved Oct 23, 2026

Closed: Oct 23, 6:02 PM EST

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Kalshi

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Join Kalshi and score $25 for your first trade.
Outcome
Trade
Chance %
Price
Spread
Liquidity
Volume
24h
7d
Open Interest
Ends in
Result
kalshi

Before Nov 1, 2026

View
100%
41%
Yes 100¢No 0¢
—
N/A
$9,944
N/A
N/A
$5,918
5mo 4w 1d
Yes
kalshi

Before Dec 1, 2026

100%
Yes 100¢No 0¢
—
N/A
$2,917
N/A
N/A
$1,849
5mo 4w 1d
Yes
kalshi

Before Jan 1, 2027

100%
Yes 100¢No 0¢
—
N/A
$2,247
N/A
N/A
$1,437
5mo 4w 1d
Yes
kalshi

Before Apr 1, 2027

100%
Yes 100¢No 0¢
—
N/A
$55
N/A
N/A
$55
5mo 4w 1d
Yes
kalshi

Before Oct 1, 2026

0%
Yes 0¢No 100¢
—
N/A
$4,247
N/A
N/A
$3,509
2mo 6d
No
Total markets: 5

Description

A U.S. president could issue an executive order or policy directive that imposes new tariffs or raises existing ones on goods imported from Canada. Such actions typically require formal announcement and documentation to take effect.

Kalshi

The event resolves if Donald Trump personally announces a new presidential action imposing or increasing tariffs on Canadian imports before Oct 1, 2026, Nov 1, 2026, Dec 1, 2026, or Jan 1, 2027. The action must be a formal policy decision with legal or policy effect, explicitly addressing tariffs on Canada, and documented by a Source Agency. Ceremonial statements, incidental mentions, cabinet actions, legislative proposals, or agency-only notices do not qualify. A specified future effective date is permissible, but threats, remarks, or scheduled activations of prior measures are excluded. Official announcement is satisfied by Trump-signed documentation published by a Source Agency.

Frequently asked questions

On Kalshi, the dashboard for the US-Canada tariff market tracks the current odds of former President Trump raising tariffs on Canada before May 1, 2027. You’ll find a price history chart showing how the probability of this event has changed over time, along with the 24-hour trading volume, currently at $11,144. The total volume traded in this market is $19,411. This allows traders to see market sentiment and activity related to potential trade policy shifts.

Currently, prediction market odds offer a different perspective than traditional polling data on the likelihood of Trump raising tariffs on Canada. While polls capture stated intentions, this market reflects what individuals are willing to put their money on. This often reveals a more nuanced and potentially accurate forecast, as traders have a financial stake in correctly predicting the outcome. Discrepancies can arise due to factors like information asymmetry and strategic trading, offering a unique signal beyond simple public opinion.

On Kalshi, this market is priced using a continuous double auction. Traders buy and sell contracts representing the probability of Trump raising tariffs on Canada before May 1, 2027. The price of a contract reflects the market’s collective belief about the likelihood of that event occurring. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. As more traders participate and new information emerges, the price adjusts to reflect the evolving consensus. This dynamic pricing mechanism ensures the market remains responsive to relevant developments.

This market resolves around May 1, 2027, with the outcome confirmed once the event is verifiable from credible public reporting. Resolution will depend on whether a formal announcement of increased tariffs on goods imported from Canada by the United States has been made by the relevant authorities. The market will settle to 100 if tariffs are raised, and 0 if they are not. The focus is on a definitive policy change, not preliminary discussions or proposals.

Several signals could significantly impact this market. Any direct statements from Donald Trump regarding trade policy with Canada would be a major catalyst. Economic data releases, particularly those related to the US-Canada trade balance, could also influence trader sentiment. Geopolitical events or shifts in the political landscape could also play a role. Unexpected policy announcements from the current administration regarding trade negotiations or international relations would likely cause a substantial shift in the odds for this market.