ilmscore | Trump Tariffs in 2025: A Simple Explanation

Trump Tariffs in 2025: A Simple Explanation

Published: 2024-11-18
Status: Available | Analyzed

Predictions from this Video

Total: 9
Correct: 6
Incorrect: 2
Pending: 1
Unrated: 0
Prediction
Topic
Status
Predicted that tariffs will save the United States.
"it will save our country"
Tariffs
Pending
Predicted that a 10% tariff on imports would not stop business and would generate significant revenue.
"it's not going to stop business because it's not that much but it's enough that would really make a lot of money"
10% tariff on imports
Correct
Predicted that a 10% tariff on clothing would not lead to a US clothing industry revival, and the cost of 97% of US clothing would increase by 10%.
"so we're not going to have a clothing industry Revival in the US all that would happen is that the cost of 97% of our clothing would go up by 10%"
10% tariff on clothing
Correct
Predicted that tariffs will be inflationary.
"will tariffs be inflationary the answer is yes"
Tariffs
Correct
Predicted that the overall effect of tariffs on the economy would be massive and positive.
"it's gonna have a massive effect positive effect it's going to be a positive not a negative"
Overall effect of tariffs on the economy
Incorrect
Predicted that if tariffs are applied, Walmart will increase the price of products to maintain profit margins.
"Walmart will increase the price of the vacuum"
Walmart's response to tariffs
Correct
Predicted that US consumers will pay more in instances where cheaper made-in-America alternatives are unavailable due to tariffs.
"the US consumer ends up paying more in many instances when there are no cheaper made in America Alternatives"
Impact of tariffs on US consumers
Correct
Predicted that a 10% tariff on all imports is expected to generate $400 billion in tax revenue.
"a 10% tariff on All Imports is expected to bring in 400"
Tax revenue from tariffs
Incorrect
Predicted that $400 billion in revenue from a 10% tariff on imports would not be enough to fund the entire US government.
"it would not be anywhere close enough to fund the entire governments"
Funding the US government with tariff revenue
Correct