😲 New US trade tariffs have sent shockwaves through the global economy! In this video, we dive deep into the recent announcement of a new reciprocal duty system for tariffs from April 2nd and analyze who will be hit the hardest.
In this in-depth podcast episode, we uncover how these tariffs are calculated, which countries and products are most affected, and the reasoning behind this radical policy shift. From China and Vietnam to the European Union, we examine the potential economic consequences for the US and the world.
Join us as we uncover the goals, legal justifications, and potential impact of these tariffs on industries, food prices, and even your wallet.
Don't forget to like, subscribe, and comment with your thoughts on these new trade tariffs! 👇
0:00 Introduction to New US Tariffs
0:08 Baseline Rate and Countries with Higher Rates
0:16 How Tariffs are Calculated
0:50 Example Tariff Calculation for China
1:15 Impact on Major Trading Partners
1:45 Tariffs for the European Union and Automotive Industry
2:00 Tariffs for Countries of the Former Soviet Union
2:30 Individual Tariff Rates for 25 Countries
2:52 Exclusion of Russia from New Tariff System
3:02 Additional Tariffs on Imported Cars and Auto Parts
3:20 Impact on Canada and Mexico
3:54 Reasons for Implementing New Tariffs
4:45 Shift Towards Economic Independence
5:00 Legal Justification: National Emergency
5:32 Exclusion of Canada and Mexico: USMCA
6:20 Economic Interdependence with Canada and Mexico
6:38 Countries Not Included on the List
7:33 Predicted Consequences for the US Economy
8:29 Retaliatory Measures from China and EU
9:01 Comparison with Historical Events
9:18 Impact on Food Prices in the US
10:35 Which Products Will Become More Expensive?
11:33 Broader Consequences for Americans
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