10 Reasons Why the Tariffs Are Way Worse Than They Seem - William Spaniel

The Trump administration's tariff policy has sent the world into a spin. However, the consequences go far deeper than it seems on the surface. Today, we look into the Trump strategy, some basic notions of why tariffs cause economic problems, and then some of the more complicated downsides.

0:00 Trump’s Liberation Day Tariffs
2:12 The Trump Tariff Strategy
6:19 Tariff Retaliation
7:41 Non-Tariff Retaliation
10:33 The Breakdown of Global Supply Chains
13:30 Reduced Military Spending
14:48 A Recession Due to Uncertainty
17:02 A Recession Due to Consumer Waiting for 2029
19:29 A Recession Due to Producer Worried about 2029
20:51 Trade Deficits and Foreign Debt
25:50 A Crisis in Confidence
29:05 A Meta Problem with Trump Making Corrections