ilmscore | Trump's Tariffs on China, Mexico, and Canada Are Official | What This Means For You

Trump's Tariffs on China, Mexico, and Canada Are Official | What This Means For You

Published: 2025-02-01
Status: Available | Analyzed

Predictions from this Video

Total: 11
Correct: 0
Incorrect: 0
Pending: 11
Unrated: 0
Prediction
Topic
Status
A video will be released in the near future discussing the potential replacement of income tax with tariffs.
"I have a whole video dedicated to this coming out in the coming days so make sure you look out for that"
Tariffs and Income Tax Replacement
Pending
There is a possibility that prices of goods will increase due to the new tariffs.
"there is a chance that the prices of things could go up"
Impact of Tariffs on Prices
Pending
Canada is prepared to respond if tariffs are implemented against them.
"if the president meaning Donald Trump does choose to implement any tariffs against Canada we are ready with a response"
Canadian Retaliation to Tariffs
Pending
The auto and agriculture industries are identified as particularly vulnerable to the new tariffs.
"some of the industries that are most vulnerable include the Auto industry and agriculture"
Impact of Tariffs on Industries
Pending
An increase in lumber costs due to tariffs could negatively impact the housing market by making home construction more expensive.
"if Lumber costs do go up you can imagine that that would make the housing market a little bit more difficult"
Impact of Tariffs on Lumber Prices
Pending
Rising lumber prices in the next 30-90 days could lead to higher housing prices, subsequently impacting inflation.
"if lumber prices do happen to move up over the next 30 60 90 days that's going to be very interesting because that could then trickle down into the housing market and if that causes housing prices to go up more that could clearly impact inflation"
Impact of Lumber Prices on Inflation
Pending
Worsening inflation data may pressure the Federal Reserve to refrain from cutting interest rates and possibly even raise them.
"if the inflation data starts to look worse it's going to put a lot of pressure on the better Reserve Bank to not cut interest rates and potentially even raise interest rates"
Federal Reserve Interest Rate Decisions
Pending
Prices of some goods may increase in the short term due to panic buying driven by uncertainty surrounding tariffs.
"there's a good chance that the prices of some things will rise in the short term because what we have seen in the past is people tend to freak out they tend to panic"
Short-Term Price Increases Due to Tariffs
Pending
A long-term strategy involves investing in the American economy, ignoring market noise.
"invest in the American economy for the long term"
Long-Term Investment in US Economy
Pending
If tariffs successfully incentivize companies to bring manufacturing back to the US, it could create investment opportunities in domestic manufacturing.
"if tariffs stay in place and they work meaning they incentivize companies to bring manufacturing back into the United States what does that mean well that could mean that companies are working to bring more manufacturing plants into the United States that could create an investment opportunity there"
Investment Opportunities from Manufacturing Reshoring
Pending
Increased domestic manufacturing due to tariffs could lead to greater investment in transportation, benefiting railroads and freight companies.
"that could mean the companies are now investing in more transportation of products between manufacturing plants that could impact railroads that could impact other freight companies"
Investment Opportunities in Transportation
Pending