https://www.youtube.com/watch?v=nv5ZkxQvsz8 or https://www.youtube.com/watch?v=nv5ZkxQvsz8 Geopolotical Economy Report/Ben Norton;
Trump's tariffs make no sense, and will backfire hard on the US economy
In what he called "Liberation Day", Donald Trump imposed heavy tariffs on countries around the world, falsely claiming they were "reciprocal". In reality, the taxes on imports were based on the US trade deficit with other nations. Ben Norton explains how the Trump administration's economic policies are contradictory and will backfire hard on the US economy, fueling inflation while failing to re-industrialize.
Sources and links here: https://geopoliticaleconomy.com/2025/...
Topics
0:00 Trump imposes heavy tariffs
0:27 (CLIP) Trump's "Liberation Day"
0:52 Trump's global trade war
1:18 (CLIP) "Tariff is the most beautiful word"
1:41 New tariff rates
3:20 Backfiring
4:04 How the tariffs were calculated
7:08 Retaliation
8:45 Role of US dollar dominance
9:30 (CLIP) Trump on de-dollarization
9:48 (CLIP) Trump threatens BRICS
10:17 US balance of payments
12:37 Alternative to US dollar
13:14 Dumbest trade war in history
13:42 Reindustrialization
14:32 Financialization
17:53 Inflation
20:00 Coffee, fruit, & vegetables
22:06 Imports from China
24:02 Imports from Vietnam
25:26 Imports of electronics
27:51 Industrial policy
33:41 Moving tax burden from rich to poor
37:02 Outro
|| Geopolitical Economy Report ||
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USA Ending Its Own Hegemony. Tariffs Are HUGE Gift To China And BRICS | Dr. Warwick Powell
The trumpf-tariffs-insanity does see the EU meeting China, Vietnam in Hanoi april 16...
The EU may have a "problem" with the "R" in BRICS+...however "BICS+" may show a good alternative...
Trade between the EU and India, China would have to go via TIP-Türkiye-Iran-Pakistan...
The US (and UK) are "attacking" also that link...after blowing up Nordstream-pushing the EU towards higher energy costs...
However blowing up Nordstream did NOT bring the EU to massive-very high costs- US energy...Lots of other energy exporters offered energy at lower then US prices..
