Which tariffs will the House vote to eliminate before July?
Short Answer
1. Executive Verdict
- House Ways and Means Committee lacks public tariff elimination schedule. USTR committed to maintaining Section 301 tariffs on Chinese goods. Lobbying for tariffs on Mexican goods surged in early 2026. Must-pass legislation in June offers opportunities for amendments.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Global | 5.0% | 1.0% | The evidence indicates no public schedule for tariff elimination markups or hearings before July 2026, strongly supporting the market's low probability that the House will vote to eliminate tariffs, despite the introduction of related legislation. |
| Mexico | 3.0% | 0.6% | Official committee sources indicate no public information or scheduled legislative action for tariff elimination in the May-June 2026 timeframe, strongly supporting the very low probability reflected by the 1.0% debiased price and suggesting it should be even lower. |
| Brazil | 8.9% | 1.6% | The House Ways and Means Committee's publicly available legislative schedules show no planned markups or votes on tariff elimination before July 2026, strongly suggesting the market's 3.5% probability is too high, despite the introduction of some related tariff legislation. |
2. Market Behavior & Price Dynamics
Historical Price (Probability)
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
Outcome: Mexico
📉 April 29, 2026: 9.0pp drop
Price decreased from 12.0% to 3.0%
Outcome: Global
📉 April 28, 2026: 8.0pp drop
Price decreased from 13.0% to 5.0%
Outcome: Brazil
📈 April 17, 2026: 8.8pp spike
Price increased from 1.2% to 10.0%
4. Market Data
Contract Snapshot
The market resolves to "Yes" if legislation terminating or limiting global tariffs imposed by the U.S. President passes the full House of Representatives before July 1, 2026. Conversely, if no such legislation passes the full House chamber by that deadline, the market resolves to "No." The outcome is verified using the Library of Congress, and the market closes upon the event's first occurrence or by July 1, 2026, at 12:00 am EDT.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Brazil | $0.07 | $0.97 | 9% |
| Global | $0.07 | $0.95 | 5% |
| Mexico | $0.10 | $0.96 | 3% |
Market Discussion
Limited public discussion available for this market.
5. What is House Ways and Means Committee's Tariff Elimination Schedule for May-June 2026?
| Legislative Agenda May-June 2026 | Not publicly available [^] |
|---|---|
| Related Legislation Introduced | Stop Global Tariffs Act [^]; bills to eliminate specific tariffs/reclaim trade authority [^] |
| Tariff Bill Scheduling May-June 2026 | No markups or hearings scheduled for May-June 2026 [^] |
6. What Were the Key Tariff Lobbying Trends in Early 2026?
| Overall Lobbying Surge | Surged in Q1 2026 [^] |
|---|---|
| Steel Industry Focus | Increased advocacy on Mexican steel imports [^] |
| Brazilian Tariff Lobbying | At least R$ 9.8 million in early 2026 [^] |
7. What is the Consensus on Tariff Impact Among Key House Members?
| Specific House Members Identified | Not identifiable in 'Toss-Up' or 'Lean' districts for April 2026 [^] |
|---|---|
| Consensus on Tariff Elimination Impact | Cannot be determined due to lack of specific member identification [^] |
| Relevant Congressional Opinion Source (April 2026) | One broad source on tariffs from unnamed 'local members of Congress' in Orange County [^] |
8. What Is the USTR's Latest Stance on China Tariffs and Trade Practices?
| Tariff Stance | Vast majority of Section 301 tariffs on Chinese goods should remain in place (USTR Ambassador Jamieson Greer, April 22, 2026) [^] |
|---|---|
| Enforcement Focus | Aggressively pursuing remedies for unfair trade practices including excess capacity and forced labor [^] |
| Forced Labor Hearings | Public hearings announced in April 2026 for Section 301 investigations into forced labor [^] |
9. What Must-Pass Legislation Is Expected in June 2026?
| House Session | Most of June 2026 [^] |
|---|---|
| NDAA FY2027 Floor Consideration | Late May or early June 2026 [^] |
| FY2027 Appropriations Markups | May-June 2026 [^] |
10. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: July 01, 2026
- Closes: July 01, 2026
11. Decision-Flipping Events
- Trigger: Catalyst analysis unavailable.
13. Historical Resolutions
No historical resolution data available for this series.
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