Trump’s Tariffs Are Here & Trudeau Is PISSED

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Transcript

00:00Well, it happened.

00:01Despite many of his supporters saying

00:02he wasn't gonna actually do it,

00:04he was just playing hardball, it was just posturing,

00:06President Donald Trump's massive tariffs against Canada,

00:09Mexico, and China that were announced last month

00:11have officially gone into effect.

00:12So for Canada and Mexico,

00:13that means a sweeping 25% tariff on many goods,

00:16while China got slapped with an additional 10%

00:18on top of similar tariffs imposed a month ago.

00:20And with that, you know, this isn't a one-way street.

00:22China wasted no time responding

00:23and baselapped the US with retaliatory tariffs,

00:26took measures against multiple US companies

00:28and filed a lawsuit with the World Trade Organization.

00:30Also, as far as American companies go,

00:32China has added a bunch to its export control list,

00:34meaning that they won't get access

00:35to certain Chinese goods no matter what.

00:37And notably there, American farmers are possibly

00:39the group that will feel these tariffs the most

00:41because it's their products being affected.

00:43Which, you know, is a very big deal

00:44because China is actually the biggest market

00:45for American agricultural exports.

00:47Now, to be clear, this doesn't mean

00:48that American farmers will spend more to send goods

00:50to China just like it doesn't cost Chinese companies

00:52more to sell goods to Americans.

00:54But it does mean that Chinese buyers

00:55will have to spend more on American agricultural products,

00:58disincentivizing them from buying products

00:59that already operate on razor-thin margins.

01:01I mean, even calling it razor-thin, that's generous,

01:04considering that many rely on US government subsidies

01:06to even exist.

01:07You know, all of this as the response

01:08to the tariffs have been wide ranging.

01:10Right, I mean, one of the things we saw

01:11is Canadian Prime Minister Justin Trudeau

01:13giving a somber speech this morning.

01:14They've chosen to launch a trade war

01:16that will first and foremost harm American families.

01:22They've chosen to sabotage their own agenda

01:25that was supposed to usher in a new golden age

01:29for the United States.

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