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Belle of the Ranch

Let's talk about Trump Tariffs, TACO, and stagflation....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 6 June 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Let's talk about Trump Tariffs, TACO, and stagflation....

Transcript

Click on a timestamp to play from that location

0:00.0

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

0:04.9

So today, we're going to talk about Trump tariffs, Taco, and Stagflation.

0:11.6

Almost as if simply to prove Taco wrong, Trump decided to move forward with raising some tariffs.

0:18.4

The U.S. has doubled tariffs on steel and aluminum imports from every

0:23.3

country except the U.K., which doesn't send us a lot of the metals anyway. The U.K. probably

0:30.0

got the exception because they've already worked out a deal with the U.S. Two countries that will be hit

0:36.4

hard by the increase will be Canada and Mexico. You know,

0:41.1

two of our most important trading partners. So, how are Trump's economic policies working out

0:47.9

overall? Well, according to the Organization for Economic Cooperation and Development,

0:54.3

the policies are basically damaging the entire world's economy.

0:59.1

Seriously.

1:00.5

In March, the OECD was saying the U.S. would see a 2.2% expansion in GDP.

1:08.2

The estimate has been slashed to just 1.6% this year and 1.5 in 2026. That's right. They're

1:17.8

already predicting the effects will last into next year. Keep in mind it was 2.8% last year.

1:25.6

The OECD revised the global economy's growth down as well. Quote,

1:31.5

global GDP growth is projected to slow from 3.3% in 2024 to 2.9% this year and in

1:41.1

26. The analysis went on to note, quote, the slowdown is concentrated in the United States,

1:50.1

Canada, and Mexico. Now, does the report specifically named Trump as the cause of damaging the

1:57.1

world's economy? Not exactly, but it does say, quote, the global outlook is

2:03.9

becoming increasingly challenging, substantial increases in barriers to trade, tighter financial

2:10.3

conditions, weaker business and consumer confidence, and heightened policy uncertainty,

2:17.1

will all have marked adverse effects on growth prospects

...

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