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 June 30, 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.
We really need a clarifying of the rules on these markets to know what happens when the tariffs are removed by the courts [link removed]
why its so high?