Let's talk about Trump's Tariff Turnarounds....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 30 March 2025
⏱️ 4 minutes
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Summary
Let's talk about Trump's Tariff Turnarounds....
Transcript
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| 0:00.0 | Well, howdy there, Internet people, it's Bell again. |
| 0:04.0 | So today, we're going to talk about Trump backing off some of his tariff promises, |
| 0:10.0 | but increasing others again. |
| 0:13.0 | So, as economic indicators flash everywhere that Trump is steering the country straight into a recession, |
| 0:20.0 | he's starting to become |
| 0:21.9 | even more erratic with his tariff promises. With consumer confidence dropping like a rock, |
| 0:28.5 | the NASDAQ hitting correction and the market as a whole flirting with it, gold shooting up, |
| 0:35.0 | the Fed doing everything, but walking out screaming, Trump's going to cause |
| 0:39.6 | stagflation, and Trump's previous tariff moves triggering boycotts of U.S. products overseas. |
| 0:46.9 | Trump appears, for the moment, to be backing down on one large promise, but adding others. |
| 0:54.0 | On Tuesday, Trump said, quote, I'll probably be more |
| 0:57.8 | lenient than reciprocal, because if I was reciprocal, that would be very tough for people. |
| 1:04.2 | Trump promised that on April 2nd, reciprocal tariffs would go into effect. Initially, it sounded |
| 1:10.6 | like it would be across the board for every country in a pretty indiscriminate way. |
| 1:16.0 | As days went by, the tone shifted. |
| 1:18.8 | But that only added to the uncertainty. |
| 1:22.1 | Markets hate uncertainty. |
| 1:24.7 | Then on March 18th, U.S. Treasury Secretary Scott Bessent was being interviewed and said, |
| 1:30.3 | quote, what's going to happen on April 2nd, each country will receive a number that we believe that |
| 1:37.3 | represents their tariffs. So for some countries, it could be quite low. For some countries, it could be |
| 1:43.2 | quite high. Not a lot of clarity there, |
| 1:46.5 | at least not specifics. Then he said there was what they were calling the dirty 15, and they would |
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