- 8/3/2025
The United States government has officially announced a sweeping new round of tariffs on 68 countries, marking one of the largest global trade policy shifts in recent years. These tariffs, ranging from 10% to 50%, directly impact imports from Canada, India, Brazil, Switzerland, South Africa, Taiwan, and dozens more nations.
This move has already caused a major stir in global markets, raising concerns about rising prices, disrupted supply chains, and the possibility of a new trade war. In this in-depth 22-minute analysis, we break down everything you need to know about these new U.S. tariffs and how they could affect you, your family, and your business.
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🔹 Key Topics Covered:
0:00 – Breaking News: The official announcement and why it matters now
1:10 – Countries Targeted: Canada (35%), India (25%), Brazil (50%), and more on the list
4:00 – The Numbers Explained: How tariffs between 10%–41% are calculated and applied
6:30 – Economic Impact on the U.S.: Inflation risk and higher costs for households (up to $2,400/year)
9:30 – Global Reaction: How major trade partners are responding to these tariffs
12:00 – Market Impact: Stock market drops, currency fluctuations, and investor panic
14:45 – Industries Most Affected: Steel, technology, automotive, agriculture, and consumer goods
17:20 – Political Backlash: Supporters vs. critics in Washington and global leaders’ responses
20:00 – What It Means for You: Everyday products likely to become more expensive and tips on how to prepare
21:30 – Final Takeaways: What to watch in the coming weeks as trade talks continue
---
🔹 Why This Matters to YOU:
These tariffs could raise prices on imported goods, affect jobs in key U.S. industries, and increase costs of living for millions of Americans. Whether you’re a business owner, investor, or everyday consumer, understanding these policy changes is crucial for planning ahead.
With international tensions rising and markets reacting sharply, this decision could reshape U.S. trade relations for years to come, impacting not just other nations but your wallet and the American economy as a whole.
---
🔹 Watch Until the End To Learn:
✅ Which countries are hit hardest by these new tariffs
✅ How prices for food, electronics, and cars could rise in the U.S.
✅ The political motivation behind this move
✅ How these tariffs could trigger retaliation from other nations
✅ Expert predictions on whether a full-scale trade war is next
---
📌 Subscribe to stay informed about U.S. politics, global trade, and economic updates that matter to your daily life. Don’t miss our future videos on international relations, financial trends, and breaking policy changes.
---
🔖 Hashtags:
#USTariffs #BreakingNewsUSA #GlobalTrade #TrumpTradePolicy #USPoliticsToday #EconomyUpdate #TradeWarNews #MarketCrash #InflationAlert #TariffImpact
---
This move has already caused a major stir in global markets, raising concerns about rising prices, disrupted supply chains, and the possibility of a new trade war. In this in-depth 22-minute analysis, we break down everything you need to know about these new U.S. tariffs and how they could affect you, your family, and your business.
---
🔹 Key Topics Covered:
0:00 – Breaking News: The official announcement and why it matters now
1:10 – Countries Targeted: Canada (35%), India (25%), Brazil (50%), and more on the list
4:00 – The Numbers Explained: How tariffs between 10%–41% are calculated and applied
6:30 – Economic Impact on the U.S.: Inflation risk and higher costs for households (up to $2,400/year)
9:30 – Global Reaction: How major trade partners are responding to these tariffs
12:00 – Market Impact: Stock market drops, currency fluctuations, and investor panic
14:45 – Industries Most Affected: Steel, technology, automotive, agriculture, and consumer goods
17:20 – Political Backlash: Supporters vs. critics in Washington and global leaders’ responses
20:00 – What It Means for You: Everyday products likely to become more expensive and tips on how to prepare
21:30 – Final Takeaways: What to watch in the coming weeks as trade talks continue
---
🔹 Why This Matters to YOU:
These tariffs could raise prices on imported goods, affect jobs in key U.S. industries, and increase costs of living for millions of Americans. Whether you’re a business owner, investor, or everyday consumer, understanding these policy changes is crucial for planning ahead.
With international tensions rising and markets reacting sharply, this decision could reshape U.S. trade relations for years to come, impacting not just other nations but your wallet and the American economy as a whole.
---
🔹 Watch Until the End To Learn:
✅ Which countries are hit hardest by these new tariffs
✅ How prices for food, electronics, and cars could rise in the U.S.
✅ The political motivation behind this move
✅ How these tariffs could trigger retaliation from other nations
✅ Expert predictions on whether a full-scale trade war is next
---
📌 Subscribe to stay informed about U.S. politics, global trade, and economic updates that matter to your daily life. Don’t miss our future videos on international relations, financial trends, and breaking policy changes.
---
🔖 Hashtags:
#USTariffs #BreakingNewsUSA #GlobalTrade #TrumpTradePolicy #USPoliticsToday #EconomyUpdate #TradeWarNews #MarketCrash #InflationAlert #TariffImpact
---
Category
🗞
NewsTranscript
00:00Today, we're diving headfirst into a really major policy shift.
00:04It's fundamentally reshaping global trade as we know it.
00:08Absolutely. We're talking about the United States' new reciprocal tariff regime,
00:12specifically those intensified measures that came out in July 2025.
00:16Right. And for this deep dive, we're drawing on a pretty comprehensive report.
00:20America's new tariff regime, global trade repercussions,
00:23and we've also got insights from news coverage, CNBC TV 18, and BBC News on YouTube.
00:31And our mission today really is to unpack all the complex details.
00:35We want to understand the thinking, the rationales behind these big actions,
00:38and explore what they mean economically, geopolitically.
00:41Specifically for you, the listener, whether you're navigating global markets yourself
00:46or just trying to figure out why things cost what they do.
00:48Exactly. Because this isn't just some minor adjustment.
00:51No, it's a huge break from decades of, well, trade liberalization, right?
00:55A seismic shift, really. And it hits businesses, supply chains, consumers, everyone worldwide.
01:01So think of this as your essential guide. We're going to break down the how, the why,
01:05and importantly, what it might mean for your wallet. Let's get into it.
01:09Okay.
01:10So the U.S. has definitely entered a new phase with its tariff policy.
01:14It feels like a fundamental shift.
01:16It really is. The key moment was July 31st, 2025.
01:21That's when President Donald J. Trump signed the executive order
01:24further modifying the reciprocal tariff rates.
01:27But it wasn't entirely out of the blue, was it? It built on things that happened earlier.
01:31That's right. Measures were already put in place back in April 2025.
01:35So this July order intensified things further.
01:38And the stated goal, it's all tied into the America First idea, correct?
01:42Yes. The administration frames it as restructuring global trade to achieve,
01:46and this is their phrasing, fair, balanced, and reciprocal trade relationships.
01:50To benefit American workers, farmers, manufacturers.
01:53Right. And explicitly tackling what they call exploding annual U.S. goods trade deficits.
02:00National security is also a big part of the justification.
02:03Now, historically, U.S. tariffs had sort of a dual role, didn't they? Revenue and protection.
02:08Correct. Raising money for the government and shielding domestic industries.
02:11But this feels different. A really profound departure from the liberalization trend we've seen for so long.
02:18Just look at the numbers. The average applied U.S. tariff rate, it shot up, it was about 2.5% in January 2025.
02:25Pretty low.
02:26Very low.
02:27By April 2025, estimates put it at 27% the highest in over a century.
02:32It settled a bit by July, down to 18.4%, but still incredibly high compared to recent history.
02:39So what makes this specific shift so different from, say, other protectionist periods in U.S. history?
02:45I think it's the sheer breadth, you know.
02:47Previous actions often targeted specific things, maybe the steel industry or just imports from China.
02:51All right. More surgical.
02:52Exactly. Now, these executive orders from April and July, they bring in a universal 10% baseline tariff for a lot of countries.
03:00A starting point, basically.
03:01A starting point, yeah. And then on top of that, you get country-specific rates.
03:04And those are based on, well, the trade deficit with the U.S., but also this idea of strategic alignment.
03:09Okay. Strategic alignment. We'll need to unpack that later.
03:13But it sounds like a shift from specific targets to cariffs almost being the default.
03:19It's a good way to put it. An almost default application.
03:22And it seems like it's not just about trade balances anymore. There's this strategy being called tariff shoring.
03:27Ah, yes. That's a key element. These tariffs aren't just about correcting imbalances or penalizing practices.
03:34They're also being used as, well, an aggressive form of industrial policy.
03:39Oh, so?
03:39The explicit goal is to push, maybe even compel, foreign companies to invest directly in the U.S. to move their manufacturing here.
03:47And the incentive is, avoid the tariffs.
03:50Precisely. The message is clear. Build or manufacture products in our country. And you won't face these duties.
03:57Which naturally raises a huge question. What does this actually do to global production networks? Could it genuinely redraw the map of where things get made?
04:06It's a direct challenge, certainly. It forces companies to rethink that whole globalized supply chain model that's dominated for decades.
04:13It's a massive invitation or maybe pressure to relocate.
04:17Okay, let's dig into the specifics then. The who, what, when of it all. That July 31st order generally kick in August 7th, 2025.
04:26Generally, yes. But importantly, some tariffs started earlier. It wasn't all simultaneous. It points to a phased, maybe targeted approach.
04:35Like what? Any examples?
04:36Sure. India's 25% tariff, for instance, was reported to start August 1st. Same day, August 1st, the rate on Canadian imports jumped from 25% up to 35%.
04:46Wow, a big jump for Canada.
04:48And also on August 1st, those universal 50% tariffs on semi-finished copper products. That shows a very deliberate, product-specific strategy layered on top.
04:57Right. And speaking of products, copper is a big one then. 50% across the board on semi-finished copper and related products. Aimed at boosting the U.S. copper industry, presumably.
05:06That's the stated rationale, yes. Strengthening the domestic industry.
05:09What else? What other products are really in the crosshairs?
05:12Well, automobiles and auto parts are definitely key. There were already 25% tariffs on Canadian autos from April 3rd.
05:18And then broader 25% tariffs hit other autos and parts starting April 3rd and May 3rd, 2025. Those remain.
05:25Plus, steel and aluminum tariffs were hiked to 25% back on March 12th.
05:30So it's complicated. There's a baseline, then country rates, then these specific product tariffs piled on top.
05:37Exactly. Multi-layered is the word.
05:39And they're trying to stop companies from finding loopholes.
05:41Really?
05:42Like prevent evasion.
05:42Oh, yes. There are some pretty strict measures for that. One is a much higher additional tariff, 40% ad valorem.
05:50Ad valorem meaning based on the value of the goods.
05:53Correct. A percentage based on value.
05:55That applies to goods that are trans-shipped, you know, sent through another country to try and hide their origin.
06:00Okay. That makes sense. And the other big one is eliminating the de minimis exemption.
06:04What does that actually mean for, say, someone ordering online?
06:08That's huge. De minimis was the rule that lets small, low-value shipments think online orders under $800 come into the U.S., often without duties or formal customs checks.
06:18Right. I remember that.
06:19Well, that's gone. Starting August 29, 2025, all shipments, regardless of value, will potentially be subject to tariffs.
06:26Wow. So even a $20 gadget ordered from overseas could get hit.
06:30Potentially, yes. Imagine the paperwork, the processing, not to mention the cost increase for consumers and small businesses.
06:36It's designed to close every possible gap.
06:39But here's where it gets. Well, kind of confusing, frankly. The complexity seems intense and there are inconsistencies.
06:46That's putting it mildly. We've seen notable discrepancies in the reported tariff rates for several countries across different official White House documents, let alone news reports.
06:57Well, India, for example, is it 25% or 26%? Different sources say different things. Japan, we've seen figures ranging from 15% to 24%. The EU, somewhere between 15% and 20%.
07:10Wait, even official documents disagree. How are businesses supposed to react to that? Are they just scrambling?
07:15It creates enormous uncertainty. How can you plan long-term investments or manage a complex supply chain when you can't even get a clear, consistent tariff rate from the government itself?
07:25It must undermine trust.
07:27Absolutely. It leads to delays, higher compliance costs. It just makes everything harder and riskier. It's a major operational headache.
07:34Okay, let's try to understand the why, then. The rationale, the geopolitics behind all this. The main reason given, as you said, is fixing trade deficits.
07:43Correct. Rectifying those exploding annual U.S. goods trade deficits. Establishing fair, balanced, and reciprocal trade.
07:52Right. That's the core economic argument from the America First perspective.
07:56But it's not just economics, is it? National security keeps coming up.
07:59Frequently. Tariffs are often framed as essential tools to protect against, quote, foreign threats to the national security and economy.
08:07And there are specific examples given.
08:08Yes. For Canada, that jumped to 35 percent, was explicitly linked to stopping the flow of illicit drugs across our northern border, and also cited Canada's continued inaction and retaliation on other issues.
08:22The 50 percent universal tariff on copper is based on an identified threat to national security from imports of copper.
08:27And China?
08:28A 10 percent additional tariff was specifically tied to China's perceived role in the border crisis. So very direct links being drawn between trade policy and security concerns.
08:37So it's trade deficits, it's national security, and it seems tariffs are also being used as a negotiating tactic.
08:44Explicitly so. They're positioned as a necessary and powerful tool to push other countries into making meaningful trade deals and security agreements.
08:54And part of that is the push for companies to build here, the tariff shoring idea.
08:57Exactly. That's the core incentive offered. Build and manufacture on American soil, and you avoid the tariffs.
09:04The administration points to some deals as successes, right?
09:07They do. They highlight agreements supposedly reached under this pressure.
09:10But framing them as successes, I mean, are there downsides to negotiating this way? Using tariffs as the main lever.
09:16That's a critical point. For example, they report the EU agreed to buy $750 billion in U.S. energy and invest $600 billion here by 2028 in exchange for a 15 percent tariff.
09:27Japan reportedly agreed to invest $550 billion and open its markets for a 15 percent tariff. Indonesia apparently struck a historic trade deal involving a 19 percent reciprocal tariff and access to critical minerals.
09:40So on paper, those look like wins for the U.S.
09:43Presented as wins, yes. But it also shows a shift away from collaborative negotiation towards a more transactional approach where concessions are extracted under the threat of tariffs.
09:55It's negotiation via leverage, essentially.
09:58And what's really striking is how far the justifications go beyond just, you know, normal trade issues.
10:05Absolutely. It's not just about how many cars or tons of steel are traded.
10:09No, it's linked to national security, like drug flows, as you said, but also geopolitical alignment.
10:15Yes. The rationale given for India's tariff, for example, explicitly mentioned its BRICS membership and ties to Russia.
10:22And even things like financial transparency issues are cited for countries like Switzerland and Serbia.
10:27Apparently so. Financial opacity was mentioned, which really leads to the question, is trade being weaponized here turned into a tool to force compliance on broader foreign policy goals?
10:37It certainly seems like it's blurring the lines.
10:38It absolutely represents a deliberate expansion of what trade policy is used for.
10:42And while they call it reciprocal.
10:44It doesn't sound very reciprocal in the usual sense.
10:47Well, it's unilateral in its implementation.
10:49The U.S. sets the terms and other countries are basically told, accept these tariffs, negotiate concessions that we deem acceptable or face even higher duties.
10:58So the U.S. defines the reciprocity.
11:01Pretty much. It's a stark contrast to the multilateral consensus based negotiations we used to see under frameworks like the WTO.
11:08Let's talk about those global ripple effects then.
11:11Who's actually being hit by this? You said it's broad.
11:13Incredibly broad. Affecting somewhere between 70 and 95 countries and territories.
11:19The rates are all over the place from that 10 percent baseline up to over 40 percent.
11:24It's a complex patchwork.
11:25Any examples of the higher rates?
11:26Sure. Countries like Syria, Laos, Myanmar are facing rates around 40 percent.
11:31Even allies like Switzerland are at 39 percent.
11:33Iraq and Serbia at 35 percent.
11:36And Canada, as we mentioned, 35 percent.
11:38And China.
11:38China's at 34 percent plus that extra 10 percent related to the border issue we discussed.
11:43So effectively even higher for them.
11:45And India, 25 percent plus that mysterious penalty.
11:48The justification there was interesting.
11:50Yes. President Trump's truth social posts mentioned India's own high tariffs, their obnoxious non-monetary trade barriers, but also their purchases of military gear and energy from Russia.
12:01Which reportedly came as a bolt from the blue in India.
12:05Understandably.
12:05So looking at these examples, India and Russia, Canada and the drug crisis, does it really strongly suggest tariffs are being used punitively to punish countries for things unrelated to trade balances?
12:18The language used certainly points that way, saying India faces a tariff plus a penalty for buying from Russia or holding Canada accountable for the drug crisis via tariffs.
12:28It's quite explicit.
12:30And the criteria for setting these rates?
12:31It's described as a matrix of considerations. That includes the bilateral trade balance, yes, but also domestic content rules and crucially that strategic alignment and geopolitical risk.
12:41So countries seen as having large deficits or not being sufficiently aligned strategically.
12:46They face the steepest increases. It clearly links economic penalties to broader political judgments.
12:52OK, let's shift to the economic reality on the ground.
12:55There's a really interesting paradox here, isn't there?
12:57These tariffs are projected to bring in a lot of money for the U.S. government.
13:01A staggering amount, actually.
13:03Projections were talking over $5.2 trillion in new federal revenue over 10 years.
13:09Trillion.
13:10Trillion, yes, on a conventional basis.
13:12And we saw customs duties just explode.
13:15They quadrupled in June 2025 alone.
13:18For the first nine months of fiscal year 2025, they hit $113.3 billion gross.
13:24Wow.
13:25And Treasury Secretary Scott Bessent was projecting that for the full calendar year 2025, collections could reach $300 billion.
13:33That would make tariffs the fourth largest source of federal revenue.
13:36A huge revenue generator.
13:37Yeah.
13:38But there's a flip side, right?
13:39What about the cost to the overall U.S. economy?
13:41That's the paradox.
13:43Despite the revenue windfall for the government, economic models project significant negative impacts.
13:47The Penn-Wharton budget model, for example, this was back in April 2025, forecast a long-run reduction in U.S. GDP.
13:53Reduction.
13:54By how much?
13:55By about 6%.
13:55And a decreasing wages by 5%.
13:57That's substantial.
13:59It is.
13:59And they specifically estimated that a middle-income household could face a lifetime loss of around $22,000.
14:05And importantly, they stressed these were likely lower bounds.
14:09The actual hit could be worse.
14:11So you see those numbers, massive government revenue, but projected hits to GDP, wages, households.
14:19It makes you ask, who is really paying the bill for these tariffs in the end?
14:23That's the crucial question.
14:25And the consensus among economists is pretty clear.
14:27While the importer, the U.S. company buying the goods, pays the tariff initially.
14:32Right.
14:33They write the check to customs.
14:34Exactly.
14:35But that cost overwhelmingly gets passed down the line.
14:38It ends up baked into the prices that American consumers pay for everyday goods, your electronics, your clothes, your groceries.
14:44They get more expensive.
14:46Or companies absorb it.
14:47Or companies absorb it, yes.
14:48Which means lower profit margins.
14:50And what do companies do then?
14:51They might reduce investment, cut back on hiring, maybe even lower wages, or cut jobs.
14:56So it comes back to workers and consumers one way or another.
14:58Pretty much.
14:59There's empirical research, for instance, looking at the earlier China tariffs, showing that Chinese exporters passed almost the entire cost burden onto U.S. firms and ultimately U.S. consumers.
15:11So, yes, as a consumer, you are likely paying for this through higher prices.
15:17That's the economic reality.
15:18And the impacts aren't just contained within the U.S., obviously.
15:21What about specific sectors overseas?
15:23You mentioned India earlier.
15:24Right.
15:25Take electronics in India.
15:26Apple had ramped up iPhone assembly there, partly to get around the China tariffs.
15:30Now those operations face this new 25% U.S. tariff, potentially jeopardizing that whole strategy.
15:37That's a huge potential disruption for Apple in India.
15:40Absolutely.
15:40In India's gems and jewelry sector, they export over $10 billion worth to the U.S.
15:45They're warning this tariff will inflate costs, cause delays, mess up pricing.
15:50And potentially cause jobs.
15:51Many jobs, they claim.
15:53It puts immense pressure on their whole value chain.
15:56Also, Indian oil refiners rely heavily on Russian crude imports to make their margins work.
16:01They face risks from potential penalties linked to that.
16:04So, specific sectors getting hit hard.
16:06What about the bigger picture, global trade overall?
16:09Well, the World Trade Organization, the WTO, is projecting a contraction in global trade for 2025.
16:15Because of this, about 0.2%.
16:17That's a sharp turnaround from earlier forecasts that predicted 3% growth.
16:22Complete reversal.
16:23A complete reversal.
16:24And North American trade is projected to fall significantly.
16:27Exports down 12.6%.
16:29Imports down 9.6%.
16:31And all of this pressure.
16:33It must be forcing companies to rethink their supply chains fundamentally.
16:36It absolutely is.
16:37Companies are being compelled to reevaluate where they make things, where they source components.
16:42The Apple example in India really highlights how vulnerable these complex globe strategies have become.
16:49So, it accelerates that trend we are already seeing toward diversification, maybe more regional supply chains?
16:53Yes, exactly.
16:55Diversification, regionalization.
16:57But that often comes with its own costs.
16:58It could lead to higher production costs globally, which, again, feeds back into consumer prices.
17:03Now, unsurprisingly, all of this has triggered major international reactions.
17:08And it's posing huge challenges for the World Trade Organization system.
17:12Widespread condemnation, yes.
17:15Many countries see these actions as unilateral, protectionist, and fundamentally unfair.
17:19Have we seen actual retaliation?
17:21Countries hitting back with their own tariffs?
17:23Oh, definitely.
17:24Canada, for one, responded quickly.
17:26They slapped 25% retaliatory tariffs on U.S. cars, and also tariffs on about $30 billion worth of other U.S. goods, steel, aluminum, tools, computers, plus another $30 billion on things like orange juice, peanut butter, wine, a broad list.
17:43So, tit for tat, what about the EU?
17:45The EU took a slightly different pass.
17:47They announced a 90-day suspension of their planned retaliation.
17:50That was in response to a temporary pause in some U.S. tariffs, opening a window for negotiation.
17:55But others are pushing back harder.
17:57Yes.
17:57Key players like India, China, the U.K., Japan, they're formally challenging the U.S. tariffs at the WTO.
18:04They argue these are basically safeguard measures disguised as national security actions, and they violate WTO rules.
18:09And India announced its own additional tariffs.
18:11Yes, on about $7.6 billion worth of U.S. products.
18:15So, definitely push back on multiple fronts.
18:17Which brings us to the WTO itself.
18:20How does this challenge the global trade framework?
18:22It's a fundamental challenge.
18:24It hits at the core principles.
18:26Multilateralism.
18:27Everyone agreeing on the rules together.
18:29Non-discrimination, treating trading partners equally.
18:32And binding dispute settlement, having a referee to enforce the rules.
18:35And the U.S. argument is national security.
18:37Correct.
18:38They invoke Article XTYN of the 18-1994 agreement, which allows exceptions for national security.
18:45But other WTO members are basically saying, no, you can't just use that as a blanket excuse for economic protectionism.
18:51They flightly reject that interpretation.
18:54And the whole system for settling these disputes, the DSM, it's broken, isn't it?
18:59Critically dysfunctional.
19:00The main problem is the appellate body.
19:02Think of it as the WTO's Supreme Court.
19:04It's been blocked, largely due to U.S. objections over the years.
19:08So, what happens if a country wins a case against the U.S. and the U.S. appeals?
19:12The appeal goes into a void.
19:14There's no functioning appellate body to hear it, so rulings can't be finalized or enforced.
19:19Which effectively paralyzes the enforcement mechanism.
19:22Exactly.
19:22It severely undermines the WTO's credibility and its ability to resolve disputes, even as countries like China are filing cases against these new U.S. tariffs.
19:32The main tool is broken.
19:34So, could these unilateral actions by the U.S. trigger a wider breakdown?
19:39A full-blown trade war?
19:40Maybe global economic disorder if other countries just start doing the same thing?
19:45That's the big fear.
19:45You could end up in what game theorists call a Nash equilibrium, where everyone imposes terrorists because it seems like the best individual strategy, even though the collective outcome of a global trade war is worse for everybody.
19:58A downward spiral of protectionism.
20:00Potentially.
20:00The erosion of multilateralism, this increasing weaponization of trade, it really risks fragmenting the global economy along political lines, shifting alliances, and making the world a much less predictable place for trade.
20:12Okay, so let's try to wrap up this fascinating, if slightly alarming, deep dive.
20:17The core tension seems clear.
20:18It does.
20:19On one hand, this new U.S. tariff regime is bringing in record amounts of federal revenue.
20:24Billions, even trillions projected.
20:27But on the other hand, economic models predict pretty significant negative impacts on the overall U.S. economy.
20:33GDP, wages, household income.
20:36And that burden seems to fall largely on American consumers and businesses through higher prices and potentially fewer jobs or lower wages.
20:44And it represents this really fundamental shift away from decades of multilateralism towards a more bilateral, maybe even unilateral approach, where trade deals are negotiated under threat, often using national security justifications.
20:57Which, in turn, profoundly challenges the rules-based trading system centered around the WTO.
21:03Right.
21:04The stated policy aim is to, quote, take back America's economic sovereignty, boost domestic manufacturing.
21:10That's the goal.
21:11But connecting all these pieces, here's something to think about.
21:14Will this new regime actually deliver long-term economic prosperity for the U.S.?
21:18Or could backfire?
21:20Could it lead to a more adversarial, less predictable global trade landscape?
21:24One where geopolitics and economics get tangled up in ways that reshape alliances and international relations for decades?
21:31That's the crucial question, isn't it?
21:33Something for you to ponder as you continue to watch this unfold and navigate the complexities of global trade.
21:54Should've got the
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