ilmscore | How Trump’s Tariffs Will Transform Global Trade?

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Prediction
Topic
Status
US domestic vanilla growing and denim weaving industries are expected to grow, with jobs returning onshore, due to new tariffs.
"so you can expect to see a lot of growth in Americas domestic vanilla growing industry and denim weaving industry as those jobs - which pay as much as 500 dollars per year are brought back onshore."
US Domestic Industry
Pending
Genuine trade negotiations are unlikely to be completed quickly enough to prevent harm to major US businesses.
"I don’t see how genuine negotiations could be done at the speed needed to avoid harming Americas best businesses."
US Trade Negotiations
Pending
The resource-intensive process of checking every imported product under new tariffs could lead to a complete halt in trade.
"checking every product that enters a country will be incredibly resource-intensive and could bring trade to a grinding halt."
Global Trade
Pending
European nations will likely be forced to erect their own trade barriers to protect their markets if China diverts exports from the US to Europe.
"The FT reports that European leaders are worried that China will divert exports from America to Europe – meaning that they will have to erect trade barriers too to defend their markets."
European Trade Policy
Pending