Will the tariff rate on China imports be below 10% on Jul 1, 2026?

Prediction markets currently give a 15% probability that Will the tariff rate on China imports be below 10% on Jul 1, 2026?. This contract trades at 15¢ on Kalshi, closing July 1, 2026. This market shows extreme mispricing with a 12¢ price implying only 12% probability of sub-10% tariffs, yet the Yes side offers a staggering 3,565% annualized yield over 75 days—a red flag suggesting either severe illiquidity or market dysfunction.

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15¢
Bid/Ask 7/11¢·Spread 4¢·Vol $0·OI $5,136.25·Closes Jul 1, 2026·70d remaining
KXTARIFFRATEPRC-26JUL01-5
7-day price25 snapshots · 8 regime
13¢7¢ current
Apr 117¢Apr 20

Analysis

4d ago

This market shows extreme mispricing with a 12¢ price implying only 12% probability of sub-10% tariffs, yet the Yes side offers a staggering 3,565% annualized yield over 75 days—a red flag suggesting either severe illiquidity or market dysfunction. The zero 24-hour volume combined with just $4,837 open interest and a 2¢ spread indicates this contract is essentially illiquid, making the price unreliable and potentially subject to manipulation. The 50% price surge from 8¢ to 12¢ over seven days, paired with a high cliff risk index of 7, suggests volatile positioning rather than informed consensus, warranting extreme caution before treating this as a genuine market signal.

Resolution rules

If the general import tariff rate on imports from China into the United States on Jul 1, 2026 is below 10%, then the market resolves to Yes.

Indicators

IY (Yes) 6886.1%
IY (No) 39.0%
Adj IY 3443%
CRI 13
Overround 0.0%
▶ Full indicator table (5)
IndicatorValue
IY (Yes)6886.1%
IY (No)39.0%
Adj IY3443%
CRI13
Overround0.0%

Regime

Label
neutral
Score
0.5
Spread
4¢
Computed
4/21/2026, 6:05:29 PM
Observability mediumEvent type political
Indicators computed 4/21/2026, 5:53:17 PM

Trade

View on kalshisf trade KXTARIFFRATEPRC-26JUL01-5 yes 100

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