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Week of 04/16/2025 | Episode 5/12 -
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📌 Topics Covered in This Video:
🔹 🔹 Tariff Timeline: From Market Panic to Power Plays
• April 5: Markets in China, Japan, and Taiwan plunge after U.S. tariff escalation
• April 8: China responds defiantly — “we’ve been here 5,000 years, we don’t need America”
• April 10: Trump pauses tariffs for 90 days, triggering $3.5T in market gains
• April 13: U.S. imposes 104% additional tariffs; Amazon cancels China inventory orders
🔸 Related Segments:
— Kevin O’Leary demands 400% tariffs
— Apple secretly flies in iPhones before tariff hit
— Goldman Sachs reverses recession forecast
🔗 Bloomberg | CNBC
🔹 China Files WTO Complaint Against U.S. Tariffs
• China officially lodged a complaint with the World Trade Organization, arguing recent U.S. tariffs violate trade agreements
• Also calls for the “complete cancellation” of Trump’s sweeping import taxes
• The Chinese yuan dropped to an 18-year low following the dispute, as tensions escalate
🔸 Related Segments:
— Trump’s 145% tariff retaliation
— Kevin O’Leary demands 400% tariffs on China
— China says “we’ve lasted 5,000 years — we don’t need the U.S.”
🔗 WSJ | SCMP
🔹 Trump Advocates for Tariff-Based Economy Over Income Tax
• President Trump stated that from 1870 to 1913, the U.S. thrived on tariffs without income tax, suggesting a return to such policies.
• He proposes subsidizing payments to Americans from tariffs, aiming to reduce income tax reliance.
🔗 The Economist | Wikipedia
🔹 Trump’s 90-Day Tariff Pause and Global Trade Negotiations
• President Trump introduced a 90-day pause on tariffs at a universal 10% rate, initiating negotiations with over 75 countries.
• China responded by raising its tariffs on American goods to 125%, prompting the U.S. to increase levies on Chinese imports to 145%.
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