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Belle of the Ranch

Let's talk about Trump's Tariffs, Warren Buffett, and responses....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 5 March 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Let's talk about Trump's Tariffs, Warren Buffett, and responses....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there, Internet people, it's fell again.

0:04.0

So today, we're going to talk about Trump's tariffs and Warren Buffett.

0:09.0

Don't forget about C-Sons' Project Rebound Fundraiser.

0:13.0

The link is in the description.

0:16.0

Just as a quick recap, Trump's tariffs were locked in

0:20.0

against America's three largest trading partners, Canada, Mexico, and China.

0:25.8

The stock market saw a massive drop as soon as he made the announcement.

0:30.5

Overnight, the Chinese government responded to Trump's tariffs by slapping tariffs on chicken, pork, wheat, cotton, soy, and the list goes on.

0:41.1

They also hit a U.S. biotech firm with restrictions. China seems to be mainly targeting American

0:48.5

farmers. Canada responded by announcing immediate tariffs of 25% on more than 20 billion in U.S. imports,

0:57.6

with an additional 86 billion to follow in three weeks.

1:01.7

Prime Minister Trudeau said, quote,

1:04.4

Our tariffs will remain in place until the U.S. trade action is withdrawn.

1:09.3

He added that his government was looking at non-tariff

1:12.3

responses as well. China said they will fight until the bitter end. The Federal Reserve Bank

1:19.7

of Atlanta's GDP now estimate for the first quarter has been revised down again to negative

1:26.5

2.8%. If that estimate holds, it's a really bad sign going

1:32.5

forward. We haven't seen a quarter like that since, well, since the last time Trump was in office.

1:39.0

But ignoring that, you'd have to go back almost 20 years to 2008 and the Great Recession.

1:47.0

In a recent interview, Warren Buffett said something that has prompted a lot of questions.

1:52.0

If you don't know about the Oracle of Omaha, he's kind of an investing guru.

1:58.0

When you hear me talk about the Buffett indicator, it's named after him.

...

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