Are we on the brink of a global trade showdown? President-elect Donald Trump is doubling down on tariffs, proposing 25% on goods from Mexico and Canada and 10% on Chinese imports. This aggressive policy could disrupt global supply chains, raise prices for consumers, and escalate geopolitical tensions. From the auto industry to oil trade, North America faces significant challenges, while China prepares for potential retaliation. Could Trump’s tactics destabilize markets and hit American wallets? Join us as we unpack the ripple effects of these tariff threats on global trade and your daily life.
Location: London
WooGlobe Ref : WGA977658
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Location: London
WooGlobe Ref : WGA977658
For licensing and to use this video, please email licensing@wooglobe.com
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00:00Are we on the brink of a global trade showdown?
00:02President-elect Donald Trump is making headlines again,
00:06doubling down on his love for tariffs,
00:08a policy that could ripple through the global economy.
00:11Trump's proposed tariffs—25% on goods from Mexico and Canada
00:16and 10% on Chinese imports—have sparked fears of rising prices,
00:20strained supply chains, and geopolitical tension.
00:24But what does this mean for you?
00:26For North America, the stakes couldn't be higher.
00:29In the auto industry, cars crossing borders multiple times during production
00:33could see skyrocketing costs, passed directly to consumers.
00:37And for Canada's oil trade and Mexico's economy?
00:41Both stand to suffer serious hits.
00:43Meanwhile, China is bracing for impact,
00:46with strategies ranging from currency devaluation to targeted retaliation.
00:51President Xi is better positioned than ever to push back,
00:54potentially escalating a new trade war.
00:57But here's the kicker.
00:58Trump's aggressive tactics might not just disrupt trade.
01:01They could destabilize markets and hit American wallets hard.
01:04Inflation?
01:05Job cuts?
01:06It's all on the table.
01:08As Trump's tariff threats loom,
01:10the next few months could redefine global trade—and your daily life.
01:14Stay tuned for updates, because the fallout is just beginning.