Name: Trump imposes tariff on semiconductors by December 31?
Start: 2025-10-23T00:14:20.316422Z
End: 2025-12-31T00:00:00Z

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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?

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 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 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 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?

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 President of the United States Donald Trump announces he has resigned or will resign the presidency by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No."

If it becomes impossible for Donald Trump to resign or to announce his resignation (e.g., due to his removal from office by other means, etc.), this market will immediately resolve to "No."

For this market to resolve to "Yes," it is only necessary that Trump announce that he has resigned or will resign. Whether he actually resigns will have no bearing on the resolution of this market.

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 resign by December 31, 2026?

This market will resolve to "Yes" if Donald Trump signs any federal legislation or performs any executive action that explicitly eliminates federal income taxes for individuals earning less than $150,000 per year in the United States by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Legislation which includes specific exceptions where federal income tax remains applicable for specified groups (whether by income, occupation, or other criteria) will still qualify, as long as the primary outcome of the law is the removal of federal income tax for individuals earning under $150,000. 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. If it becomes impossible for Trump to sign legislation/perform executive actions (e.g., he resigns), this market will resolve to "No".

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 removes income tax on individuals making <$150k?

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?

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?

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?

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 Donald Trump formally declares a national emergency under the National Emergencies Act (NEA) between October 1, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

A national emergency must actually be declared for this market to resolve to "Yes" - it will not be enough for Trump to announce an intention to declare a national emergency.

This market's resolution source will be official information from the Trump administration.

Trump declares another national emergency by December 31?

This market will resolve to "Yes" if Donald Trump signs any bill into law that aims to repeal or alter presidential term limits as defined by the 22nd Amendment to the U.S. Constitution, or if the U.S. Supreme Court rules in a way that would permit a president to serve more than two terms by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

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

This market's resolution source will be official information from the Trump administration and U.S. Supreme Court decisions.

Will Trump repeal Presidential term limits 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 issues a presidential veto of any bill by December 31, 2025, at 11:59 PM ET. Otherwise, this market will resolve to "No".

The resolution source will be official congressional records and a consensus of credible reporting.

Will Trump veto a bill in 2025?

This market will resolve to "Yes" if at least one cabinet-level Donald Trump appointee from his second term leaves their position by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

Voluntary resignations, removals, retirements, or departures for any reason will count.

Announcements alone will not qualify toward this market's resolution. An individual must actually have left their cabinet-level position.

Temporary or acting officials will not count toward this market's resolution.

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

Trump cabinet member out by December 31, 2026?

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?

This market will resolve to “Yes” if the Trump administration announces a new nominee for Chair of the Federal Reserve by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No”.

An announcement within this market’s timeframe from Donald Trump or the Trump administration stating their intent to nominate a specific individual for Chair of the Federal Reserve will suffice to resolve this market, regardless of whether a formal nomination actually occurs. 

Qualifying announcements must explicitly present the relevant individual as the nominee or future nominee for Chair of the Federal Reserve. Announcements of acting or interim appointments, or announcements which merely reveal potential candidates, will not qualify. Media reports, speculation, or other unofficial information will not qualify.

A formal presidential nomination of an individual to be Chair of the Federal Reserve, made before the listed date, 11:59 PM ET, will immediately resolve this market to “Yes”. Formal nominations are defined as the submission of a nomination message to the U.S. Senate.

The resolution sources for this market will be official announcements from Donald Trump or the Trump administration and official information from the U.S. Senate.

Will Donald Trump announce a new nominee for Chair of the Federal Reserve by June 30, 2026?

This market will resolve to "Yes" if the US Internal Revenue Department ceases operations entirely by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

If the IRS is merged with another agency, resulting in a consolidated department with a shared administrative structure which is no longer titled the Internal Revenue Service it will count as a "Yes" resolution.

If it becomes impossible for Trump to sign legislation/perform executive actions (e.g. he resigns), this market will resolve to "No".

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

Trump abolishes IRS in 2025?

On August 18, 2025, President Donald J. Trump announced his commitment to eliminate mail-in voting and voting machines in U.S. elections, ahead of the 2026 midterms.

This market will resolve to “Yes” if Donald Trump signs any federal legislation or performs any executive action that inhibits mail-in voting or voting machines from use for the 2026 midterm election by December 31, 2025, 11:59 PM ET ET. Otherwise, this market will resolve to “No”.

Any executive action or legislation that restricts, limits, or prohibits the use of mail-in voting or voting machines in any way will qualify, even if the action is delayed, suspended, or subsequently blocked by judicial or other actions.

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 act to ban mail-in voting or voting machines in 2025?

This market will resolve to "Yes" if Xi Jinping, Vladimir Putin, and Kim Jong Un all meet with Donald Trump between October 24, and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

A meeting is defined as any encounter where both the listed individual and Trump are present and interact with each other in person.

The resolution source will be a consensus of credible reporting.

Trump meets Xi, Putin, and Kim by December 31?

This market will resolve to "Yes" if Elon Musk serves any time in custody in a federal, state, or local U.S. jail or prison between June 5, and  December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market will be official information from the U.S. Government, however a consensus of credible reporting may also be used.

Will Trump jail Elon Musk?

This market will resolve to "Yes" if the listed individual receives a presidential pardon, commutation, or reprieve from Donald Trump by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for whether the individual is pardoned or not will be official information from the US government, however a consensus of credible reporting will also be used.

Trump imposes tariff on semiconductors by December 31?

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Trump imposes tariff on semiconductors by December 31?

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Trump imposes tariff on semiconductors by December 31?

Order Book

Market Context

Trump imposes tariff on semiconductors by December 31?

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