The U.S. economy is facing a major crisis as President Trump launches a full-scale trade war. With a shocking 25% tariff on imports from Mexico and Canada and an additional 10% on goods from China, prices are set to soar, businesses may halt investments, and jobs could be at risk. Stock markets are already reacting, with the Dow and S&P 500 dropping sharply. Major retailers like Target and Walmart warn that consumers will feel the impact within days. Could this lead to a recession? And how will the Federal Reserve respond? Watch now to find out!
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WooGlobe Ref : WGA712544
For licensing and to use this video, please email licensing@wooglobe.com
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00:00The U.S. economy is on edge as President Trump ignites a trade war.
00:04With a sudden 25% tariff on goods from Mexico and Canada and 10% on China,
00:10prices are set to rise, jobs are at risk, and markets are in free fall.
00:14The Dow is dropping, the S&P 500 is plunging,
00:17and major retailers like Target and Walmart warn of price hikes ahead.
00:22Economists fear a recession could hit by next year,
00:25with Canada and Mexico also bracing for economic pain.
00:29Meanwhile, the Federal Reserve is caught in a tough spot,
00:32fight inflation, or prevent an economic downturn.
00:35Could this be the start of a new financial crisis, or will Trump's strategy pay off?