This video covers the new tariff plan that Trump will be announcing in the coming days. In order to stay up to date on all of the videos and info, be sure to join Patreon now!
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If you look back at my videos covering a potential future recession, you’ll notice that I really wasn’t too concerned in the short term. Well, this next set of tariffs to be announced in early April, might change all of that.
The 25% tariff on trade with Canada and Mexico will increase costs for several industries and potentially shut down key manufacturing states. But it doesn’t stop there. The 40% tariff on imported food will be devastating for low-income families and could push millions below the poverty line. And again, it doesn’t stop there.
The proposed reciprocal tariffs could create economic chaos. Besides the bureaucratic nightmare that would ensue, US consumers and businesses would have their feet swept out from under them.
As the US begins to prepare for the decline of Chinese manufacturing, the slowing of industrial expansion caused by these tariffs couldn’t come at a worse time. Should these tariffs go into effect in early April, you should get ready for a US recession (and almost certainly a more severe global economic downturn).
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