Name: 50% India tariff in effect by August 27?
Start: 2025-08-06T15:25:16.13873Z
End: 2025-08-27T00:00:00Z

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This market will resolve to “Yes” if a general 50% tariff on imports into the United States from India goes into effect for any amount of time by August 27, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

For the purpose of this market, "goes into effect" means the start date for the tariffs must have passed without being further delayed or suspended.

A general tariff that includes item-specific exceptions will still qualify, as long as a policy of a general 50% tariff on imports into the United States from India goes into effect.

Only tariffs specifically targeting India will qualify. For example, a new global tariff (tariffs on all imports into the U.S.) will not count toward this market's resolution.

This market's primary resolution source will be official information from the Trump administration; however, a consensus of credible information will also be used.

50% India tariff in effect by August 27?

On April 2, Donald Trump announced a 10% tariff on all imports set to take effect on April 5, 2025 at 12:01 a.m. EDT (see: https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/)

This market will resolve to “Yes” if Donald Trump signs any federal legislation or performs any executive action which pauses, delays, or removes the 10% general tariff by December 31, 2025, 11:59 PM ET. Otherwise this market will resolve to “No”.

Actions which remove the general 10% tariff will qualify even if there are item specific exceptions for which the tariff still applies. However, lowering the general tariff below 10% without removing it will not qualify.

Any action which is officially enacted within the market's time frame will qualify, regardless of when the removal goes into effect.

This market's primary resolution source will be official information from the Trump administration, however a consensus of credible information will also be used.

Will Trump remove 10% blanket tariff in 2025?

This market will resolve to "Yes" if Donald Trump signs any federal legislation or performs any executive action enacting a tariff on imports of semiconductors into the United States by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Only tariffs specifically targeting semiconductors will qualify. For example, a general tariff (tariffs on all imports into the U.S.) or country-specific tariff (tariffs on all imports from China) will not count toward this market's resolution.

Tariffs on semiconductors from a specific country will qualify.

Any tariff which is officially enacted within the market's time frame will qualify, regardless of when the tariff goes into effect.

This market's primary resolution source will be official information from the Trump administration; however, a consensus of credible information will also be used.

Trump imposes tariff on semiconductors by December 31?

This market will resolve to "Yes" if any individual is formally charged or criminally indicted for insider trading related to a tariff policy announcement made during the second Trump administration between July 11 and December 31, 2025, at 11:59 PM ET. Otherwise, this market will resolve to "No."

The primary resolution source for this market will be official information from relevant governmental sources; however, a wide consensus of credible reporting will also be used.

Will anyone be charged for insider trading Trump tariff announcements?

On May 28, 2025, the U.S. Court of International Trade ruled that Donald Trump exceeded his authority under the International Emergency Economic Powers Act (IEEPA) by imposing a series of broad tariffs. The ruling blocked several major measures, including the “Liberation Day” tariffs—a 10% tariff on all imports and country-specific rates of up to 50%—as well as additional tariffs targeting Canadian, Mexican, and Chinese goods. The Trump administration has filed a single consolidated appeal of this decision, titled V.O.S. Selections, Inc. v. United States, currently pending before the U.S. Court of Appeals for the Federal Circuit.

This market will resolve to “Yes” if, by December 31, 2025, 11:59 PM ET, both of the following occur:

1. The Trump administration’s appeal in V.O.S. Selections, Inc. v. United States is denied, in whole or in part

2. U.S. importers receive refunds for at least some of the tariffs invalidated by the May 28, 2025 ruling.

Otherwise, this market will resolve to "No".

Announcements, court orders, or plans to issue refunds will not be sufficient for resolution unless actual refunds are issued within the market timeframe.

If the appeal is fully upheld and no refunds are issued, this market will resolve to “No”.

The primary resolution source will be official government or court information, or a consensus of credible reporting.


Will the Court Force Trump to Refund Tariffs?

This market will resolve to "Yes" if the Trump Administration formally creates (e.g., by signing federal legislation or performing executive action) a tariff dividend/rebate by June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

Any bill signed into law or executive action taken within this market's time frame will qualify, regardless of when the law or action goes into effect.

A qualifying payment of any amount distributed to any segment of individual US taxpayers will qualify as long as it is clearly attributed primarily to tariff revenue rather than a routine tax refund or credit.

The resolution source will be a consensus of credible reporting.

Will Trump create a tariff dividend by June 30?

This market will resolve to "Yes" if the Supreme Court of the United States issues a decision that reverses, vacates, or otherwise overturns the U.S. Court of Appeals for the Federal Circuit’s August 29, 2025 decision in V.O.S. Selections, Inc. v. Trump, in which the Federal Circuit held that the tariffs imposed by Executive Orders 14193, 14194, 14195, 14257, and 14266 exceeded the President’s authority under the International Emergency Economic Powers Act (IEEPA) by December 2026, 11:59 PM ET. Otherwise this market will resolve to "No." 

If the Supreme Court dismisses the case as improvidently granted, denies certiorari, grants/vacates/remands without deciding the merits of IEEPA authorization, affirms by an equally divided Court, or vacates due to mootness, or if the parties settle the case this market will resolve to "No." 

For purposes of this market, the government prevails if the Supreme Court rules on the merits that the tariffs are authorized under IEEPA, or otherwise reverses or vacates the Federal Circuit’s holding that they are unauthorized under IEEPA, regardless of whether the Court remands for further proceedings on issues such as remedy or scope of relief. The government does not prevail if the Supreme Court affirms the Federal Circuit’s decision that the tariffs are unauthorized by IEEPA, even if the Court modifies or vacates portions of the judgment relating only to remedy or injunctive relief.

The resolution source will be a consensus of credible reporting. 


Supreme Court rules in favor of Trump's tariffs?

In June 2020, TikTok was banned in India on national security grounds. A recent warming in relations between India and China have some speculating that the ban might be lifted in 2025. See more here: https://www.hindustantimes.com/india-news/tiktok-back-in-india-govt-responds-amid-buzz-over-chinese-app-bytedance-return-101755885334258.html

This market will resolve to "Yes" if the Indian ban on TikTok is ordered to be lifted in full by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

An order made before the resolution date that the ban be lifted will suffice to resolve this market to “Yes”, regardless of when the order goes into effect.

The primary resolution source for this market will be official information from the Indian government and TikTok/ByteDance, however a consensus of credible reporting will also be used.

India unbans TikTok by December 31?

This market will resolve to "Yes" if India initiates a drone, missile, or air strike on Pakistani territory by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including cruise or ballistic missiles) launched by Indian military forces that impact Pakistani territory (e.g., if an Indian missile or drone hits a target within Pakistan’s borders, this market will resolve to "Yes").

Missiles or drones that are intercepted before reaching Pakistani territory, as well as surface-to-air missile strikes, will not be sufficient for a "Yes" resolution regardless of whether debris lands on Pakistani soil or causes damage.

Actions such as artillery fire, small arms fire, FPV or ATGM strikes, ground incursions, naval shelling, cyberattacks, or any operation conducted by Indian ground forces will not qualify as a strike under this market.

The resolution source will be a consensus of credible reporting.

Will India strike Pakistan by December 31, 2026?

This market will resolve to "Yes" if Pakistan initiates a drone, missile, or air strike on Indian territory by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, a qualifying "strike" is defined as the use of aerial bombs, drones, or missiles (including cruise or ballistic missiles) launched by Pakistani military forces that impact Indian territory (e.g., if a Pakistani missile or drone hits a target within India’s borders, this market will resolve to "Yes").

Missiles or drones that are intercepted before reaching Indian territory, as well as surface-to-air missile strikes, will not be sufficient for a "Yes" resolution regardless of whether debris lands on Indian soil or causes damage.

Actions such as artillery fire, small arms fire, FPV or ATGM strikes, ground incursions, naval shelling, cyberattacks, or any operation conducted by Pakistani ground forces will not qualify as a strike under this market.

The resolution source will be a consensus of credible reporting.

Pakistan strike on India by December 31?

The U.S. government collected $82.2b in customs duties in FY 2025 (See: https://www.fiscal.treasury.gov/files/reports-statements/financial-report/2024/notes-to-the-financial-statements19.pdf).

This market will resolve to "Yes"  if the value of costumes duties collected in FY 2025 according to the Financial Report of the United States Government published by the Treasury Department for FY 2025 (See: https://www.fiscal.treasury.gov/reports-statements/financial-report/) is greater than $250b. Otherwise this market will resolve to "No". 

If the Treasury Department does not publish relevant data  for FY 2025 by February 28, 2026, 11:59 PM ET, this market will resolve to "No". 

The resolution source will be the Treasury Department.


Will tariffs generate >$250b in 2025?

On December 16, 2025, President Donald Trump issued a proclamation titled “Restricting and Limiting the Entry of Foreign Nationals to Protect the Security of the United States”, which updated and expanded partial and full suspensions of entry into the U.S. for nationals of various countries (see: https://www.whitehouse.gov/presidential-actions/2025/12/restricting-and-limiting-the-entry-of-foreign-nationals-to-protect-the-security-of-the-united-states/). 

This market will resolve to "Yes" if Donald Trump issues any executive order, signs any bill into law, or if the Trump administration otherwise takes any formal action which is aimed at fully or partially suspending entry into the U.S. for nationals of any specific, additional country between market issuance and the listed date, 11:59 PM ET. Otherwise, this market will resolve to "No".

A qualifying action must be aimed at restricting or banning entry into the United States for nationals of a particular country or countries. Blanket actions to restrict entry for individuals holding certain visa classes, or other generalized entry restrictions, which do not target a specific country or countries, will not count.

Additional country refers to any country not subject to a full or partial suspension of entry as of the December 16 proclamation.

Any qualifying government action taken within this market’s timeframe will qualify for a "Yes" resolution, regardless of when the policy takes effect. However, announcements of future or planned bans which are not made official through government action will not qualify.

Any action meeting these criteria will count, even if its implementation is immediately halted or delayed by judicial or other actions.

The primary resolution source for this market will be information from the US federal government; however, a consensus of credible reporting will also be used.

Trump suspends U.S. entry for more countries by December 31, 2026?

On November 9, Trump voiced the idea of a tariff-funded stimulus of about $2,000 per person, paid out of revenue from new import duties. You can read more about that here: https://www.cnn.com/2025/11/10/economy/tariff-rebate-check-proposal-what-to-know

This market will resolve to "Yes" if at least one million Americans have received payments of at least $1,000 directly attributable to tariff revenue by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The resolution source will be a consensus of credible reporting.

Will Americans receive tariff stimulus checks by December 31?

If U.S. President Donald Trump visits China by April 30, 2026, 11:59 PM ET, this market will resolve to "Yes". Otherwise, this market will resolve to "No".

For the purpose of this market, a "visit" is defined as Trump physically entering the terrestrial or maritime territory of the listed country. Whether or not Trump enters the country's airspace during the timeframe of this market will have no bearing on a positive resolution.

The primary resolution source for this information will be official information from government of the United States of America, official information from Trump or released by his verified social media accounts (e.g. https://twitter.com/POTUS), however, a consensus of credible reporting will also be used.

Will Trump visit China by April 30?

This market will resolve to "Yes" if India commences a military offensive intended to establish control over any portion of Pakistan between May 12 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, land de facto controlled by India or Pakistan as of April 23, 2025, 12:00 PM ET, will be considered the sovereign territory of that country.

The resolution source for this market will be official confirmation by India, Pakistan, the United Nations, or any permanent member of the UN Security Council, however a consensus of credible reporting will also be used.

Will India invade Pakistan in 2025?

The U.S. government collected $82.2b in customs duties in FY 2025 (See: https://www.fiscal.treasury.gov/files/reports-statements/financial-report/2024/notes-to-the-financial-statements19.pdf).

This market will resolve according to the value of customs duties collected in FY 2025 according to the Financial Report of the United States Government published by the Treasury Department for FY 2025 (See: https://www.fiscal.treasury.gov/reports-statements/financial-report/)

If the Treasury Department does not publish relevant data for FY 2025 by February 28, 2026, 11:59 PM ET, this market will resolve to the lowest bracket. 

The resolution source will be the Treasury Department.

Will the U.S. collect between $100b and $200b in revenue in 2025?

This market will resolve to "Yes" if Donald J. Trump, as President of the United States, signs into law a bill that lowers the maximum individual tax rate below 37% at any point between January 19 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

Note that the cut does not need to go into effect before the resolution date - it just needs to be signed into law by then.

This market's primary resolution source will be official information from the Trump administration, however a consensus of credible information will also be used.



Will Trump cut taxes on high earners in 2025?

This market will resolve to "Yes" if any country named in President Donald Trump’s December 16, 2025, proclamation titled “Restricting and Limiting the Entry of Foreign Nationals to Protect the Security of the United States” is fully removed from the list of countries subject to full or partial entry suspensions by January 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

A country will be considered "removed" if any of the following occur:
- The President or Executive Branch formally revokes or modifies the proclamation to remove the country
- A federal court issues a final ruling or permanent injunction that blocks the restrictions for that country
- Congress passes legislation lifting the restrictions for that country
- A relevant federal agency (e.g., DHS, State Department) issues official guidance or updates visa policy indicating the country is no longer subject to restrictions
- Nationals of the country resume receiving visas under all categories that had been suspended, without case-by-case waivers

The following do not count as a country being removed:
- Temporary restraining orders or preliminary injunctions (unless later made permanent)
- Delays in enforcement, individual exemptions, or case-by-case waivers
- Diplomatic negotiations or public statements about potential future removal without official action
- Partial easing that still imposes core restrictions (e.g., resuming B-1/B-2 visas while immigrant visas remain banned)

Any official executive, legislative, or judicial action that prevents the proclamation from taking effect on January 1, 2026, or that pauses or ends the travel ban or restriction of a specified country will suffice. 

The resolution source for this market will be a consensus of credible reporting and official government communications.

Trump's travel ban removed by January 31?

This market will resolve to "Yes" if the United States formally initiates a withdrawal from the World Trade Organization (WTO) or provides official written notice of withdrawal to the Director-General of the WTO by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

A notice of withdrawl refers to the submission of a written notice of withdrawal as per Article XV of the Marrakesh Agreement establishing the World Trade Organization (https://www.wto.org/english/res_e/publications_e/ai17_e/wto_agree_art15_oth.pdf).

Any action meeting these criteria will qualify for a “Yes” resolution regardless of if its implementation is immediately halted or delayed by judicial or other actions.

The resolution source will be official information from the US government and the WTO, however a consensus of credible reporting may also be used.

US announces withdrawal from WTO in 2025?

This market will resolve to "Yes" if Pakistan commences a military offensive intended to establish control over any portion of India between November 11 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, land de facto controlled by India or Pakistan as of November 11, 2025, 11:00 PM ET, will be considered the sovereign territory of that country.

The resolution source for this market will be official confirmation by Pakistan, India, the United Nations, or any permanent member of the UN Security Council, however a consensus of credible reporting will also be used.

Will Pakistan invade India in 2025?

This market will resolve to "Yes" if Donald Trump signs a bill into law or performs any executive action changing US tax law to eliminate the federal tax exemption on interest from municipal bonds by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

If the exemption is eliminated only for specific types or classes of municipal bonds (e.g., only newly issued bonds, only bonds from certain states or localities, or only bonds purchased after a certain date), it will still count toward a "Yes" resolution for this market.

If the bill is signed into law, or executive action is instituted before the resolution date, it will suffice to resolve this market to "Yes" regardless of when it takes effect.

The primary resolution source for this market will be official information from the US federal government, however a consensus of credible reporting will also be used.

Will Trump remove municipal bond tax exemption in 2025?

This market will resolve to "Yes" if Donald Trump signs a bill into law or performs any executive action changing US tax law to establish a de minimis tax exemption on cryptocurrency transactions by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Such a bill must apply to US taxpaying persons in general; if a law applies only to specific companies or institutions, it will not qualify toward a "Yes" resolution to this market.

If the tax exemption only applies for specific types or classes of crypto assets (e.g., only Bitcoin or Ethereum, only American issued cryptocurrencies, or only NFTs), it will still count toward a "Yes" resolution for this market.

If the bill is signed into law, or executive action is instituted before the resolution date, it will suffice to resolve this market to "Yes" regardless of when it takes effect.

The primary resolution source for this market will be official information from the US federal government, however a consensus of credible reporting will also be used.


Trump enacts a de minimis crypto tax exemption before 2026?

This market will resolve to “Yes” if Donald Trump signs any federal legislation or performs any executive action that lowers, pauses, delays, or removes any tariffs on imports from Mexico by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

Actions that lower, pause, delay, or remove any tariffs on Mexican imports will qualify, including changes to the reciprocal tariff, or any other existing or new tariffs specifically targeting Mexican goods.

Only the removal of tariffs specifically targeting Mexico will qualify. For example, the removal of the 10% general tariff on all imports into the U.S., or a tariff on specific Mexican provinces or entities, will not count toward this market’s resolution.

Item-specific tariff exemptions, such as those outlined in the U.S. Customs and Border Protection notice dated April 11, 2025, which excluded 25 HTSUS codes covering electronics, will not qualify.

Any action officially enacted within the market’s time frame will qualify, regardless of when the change goes into effect.

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.

Will Trump lower tariffs on Mexico by December 31?

This market will resolve to "Yes" if Xi Jinping visits the U.S. by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purpose of this market, a "visit" is defined as Xi physically entering the terrestrial or maritime territory of the United States. Whether or not Xi enters US airspace during the timeframe of this market will have no bearing on a positive resolution.

The resolution source will be a consensus of credible reporting.

Will Xi visit the US by December 31?

This market will resolve to "Yes" if the Panama Canal comes under US control by December 31, 2025, 11:59 PM ET. Otherwise this market will resolve to "No".

For the purposes of this market, US control means the United States assumes primary operational authority over the canal, either via diplomatic agreement, military action, or any other means.

An official announcement made by the United States and Panama that the Panama Canal will come under US control will qualify, even if the actual transfer of control is yet to occur. Only announcements of official agreements or actions (e.g. executive order, signed legislation, etc.) will count - mere posts on Social Media will not.

The resolution source for this market will be official information from the US Government and the Government of Panama, however a consensus of credible reporting confirming that the Panama Canal has come under US sovereignty will also qualify.

Trump takes Panama Canal in 2025?

This market will resolve to “Yes” if Donald Trump signs any federal legislation or performs any executive action that lowers, pauses, delays, or removes any tariffs on imports from Canada by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

Actions that lower, pause, delay, or remove any tariffs on Canadian imports will qualify, including changes to the reciprocal tariff, or any other existing or new tariffs specifically targeting Canadian goods.

Only the removal of tariffs specifically targeting Canada will qualify. For example, the removal of the 10% general tariff on all imports into the U.S., or a tariff on specific Canadian provinces or entities, will not count toward this market’s resolution.

Item-specific tariff exemptions, such as those outlined in the U.S. Customs and Border Protection notice dated April 11, 2025, which excluded 25 HTSUS codes covering electronics, will not qualify.

Any action officially enacted within the market’s time frame will qualify, regardless of when the change goes into effect.

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.

Will Trump lower tariffs on Canada by December 31?

This market will resolve to “Yes“ if the US House of Representatives by simple majority vote to approve or pass one or more articles of impeachment of President Donald Trump, between July 24, 2025, and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

Neither trial nor conviction by the US Senate, nor removal from office, is necessary to resolve this market to “Yes“.

The primary resolution source for this market will be information from the federal government of the United States, however a consensus of credible reporting will be used.

Trump impeached by end of 2026?

This market will resolve to "Yes" if Donald Trump signs a bill into law or performs any executive action changing US tax law to eliminate capital gains tax on any cryptocurrency assets by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Such a bill must apply to US taxpaying persons in general; if a law applies only to specific companies or institutions, it will not qualify toward a "Yes" resolution to this market.

If capital gains is eliminated only for specific types or classes of crypto assets (e.g., only Bitcoin or Ethereum, only American issued cryptocurrencies, or only NFTs), it will still count toward a "Yes" resolution for this market.

If the bill is signed into law, or executive action is instituted before the resolution date, it will suffice to resolve this market to "Yes" regardless of when it takes effect.

The primary resolution source for this market will be official information from the US federal government, however a consensus of credible reporting will also be used.

Trump eliminates capital gains tax on crypto in 2025?

This market will resolve to "Yes" if the US federal income tax is eliminated between January 21 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, "abolishing the federal income tax" means the elimination of federal income tax obligations for individuals in the US, not merely reductions, suspensions, or alterations to tax rates, brackets, or enforcement policies. The market will not consider executive orders, temporary measures, or proposals that do not become law.

The primary resolution source for this market will be official information from the US federal government, including announcements from Donald Trump and the IRS, however a consensus of credible reporting will also be used.

50% India tariff in effect by August 27?

Market Context

50% India tariff in effect by August 27?

Rules

50% India tariff in effect by August 27?

Market Context

50% India tariff in effect by August 27?

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