Will The 2025 Tariffs Destroy The Economy
Published: 2024-12-21
Status:
Available
|
Analyzed
Published: 2024-12-21
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Donald Trump plans to implement significant tariffs starting in 2025.
"president-elect Trump has promised big blanket tariffs starting in 2025"
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Analysis of Donald Trump's proposed tariffs for 2025.
"Trump's 2025 tariff proposal based off of what we know right now"
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Exploring the potential economic consequences if Trump's proposed tariffs are enacted.
"potential impacts of this proposal assuming that they go through"
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A workshop is scheduled for January 7th to discuss wealth planning strategies for 2025, potentially related to economic changes due to tariffs.
"on January 7th I'm hosting a live and virtual investor Workshop where I'm going to be going over how you can build a wealth plan in 2025"
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The workshop on January 7th will also cover money systematization and identifying investment opportunities for 2025.
"how you can systemize your money and how you can find unique investment opportunities in 2025"
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Expect significant economic shifts in 2025, likely influenced by policies like tariffs.
"because we're going to see a lot of changes in our economy"
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The investor workshop on January 7th will be held at two times: 10:30 AM EST and 8:00 PM EST.
"I'm going to be doing it twice on January 7th once in the morning at 10:30 a.m. eastern standard time and once in the even evening at 8:00 p.m. Eastern Standard Time"
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In 2017/2018, Donald Trump imposed a 25% tariff on steel imports and a 10% tariff on aluminum imports to address global overcapacity and unfair trade practices.
"president Donald J Trump is addressing Global overcapacity and unfair Trade Practices in the steel and aluminum industries by putting in place place a 25% tariff on steel Imports and 10% tariff on aluminum Imports"
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Donald Trump announced plans on November 25, 2024, to impose a 10% tariff on China and a 25% tariff on Mexico and Canada, to be effective in 2025.
"president-elect Trump on November 25th 2024 announced his intention to impose additional 10% tariffs on China as well as additional 25% tariffs on Mexico and Canada"
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Trump's 2025 tariff proposals are expected to be more extensive and aggressive compared to those implemented during his first term.
"Trump's new tariff proposals based off of what we know today are much more Broad and much more aggressive than what we saw in his first term"
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A key goal of the proposed tariffs is to incentivize the return of manufacturing to the United States by making overseas production less attractive.
"he wants to bring manufacturing back to the United States by disincentivizing companies from manufacturing overseas"
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Tariff revenue is intended to fund significant tax breaks for corporations and potentially individuals.
"he wants to use the revenue from these tariffs to fund big tax breaks for corporations and hopefully people too"
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Another objective of the tariffs is to increase the self-reliance of the United States.
"he wants the United States to become more self-reliant"
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The implementation of new tariffs could lead to potential trade wars with other countries.
"the potential trade Wars that we could be seeing with these tariffs"
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China has indicated a willingness to impose retaliatory tariffs on the United States in response to tariff threats.
"China has responded to these tariff threats with their own threats of tariffs on the United States"
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Mexico is considering implementing its own tariffs on the United States as a retaliatory measure.
"Mexico has also talked about retaliating through their own tariffs on the United States"
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Canada has suggested it may impose tariffs on the United States if the US implements tariffs on Canadian goods.
"even Canada has talked about threatening their own tariffs on the United States if America imposes tariffs on them"
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The actual impact of the proposed tariffs on the US economy will not be clear until 2026 or 2027.
"whether these tariffs are going to help or hurt the country we're not going to actually know until 2026 or 2027"
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