Which country will Trump lower tariffs on first?

This market will resolve according to the first listed country which Donald Trump signs any federal legislation or performs any executive action that lowers, pauses, delays, or removes any tariffs on imports on.

If Trump does not lower tariffs on any listed country by July 31, 2025, 11:59 PM ET, this market will resolve to "None by July 31".

Only listed countries will qualify. If Trump lowers tariffs on multiple listed countries simultaneously, this market will resolve in favor of whichever country’s listed names comes first alphabetically.

Actions that lower, pause, delay, or remove any tariffs on imports from the listed country will qualify, including changes to the reciprocal tariff, item specific tariffs, or any other existing or new tariffs specifically targeting imports from the listed country.

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

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 reporting may also be used.