Negotiated Tariff Off-Ramp

The funding package increases pressure on Washington and Ottawa to find a managed-trade compromise rather than maintain open-ended tariffs and retaliation. A partial quota, exemption, or phase-down agreement would be plausible if both governments want to limit damage to integrated North American supply chains.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.