there will always always be retaliatory tariffs and this is what I'm saying the tariffs are set to begin on February 1st the trade War also known as the Tariff War it's all one and the same thing you're probably wondering how worried should you be that's what this video is about I'm going to tell you what happened last time we had a trade War which was not that long ago so think to yourself what products do you remember that got a tariff on them do you even remember we'll get into that in this


video we'll talk about what you can do about it how to land on your feet and how to benefit from this thing that's happening either way because there's moves you can make today first of all what are tariffs these are taxes imposed on Goods when they're bought or brought in from other countries so if you're an American citizen and you want to buy a plastic swimming pool from China if they have a 25% tariff that product in Walmart on the shelves in De Moine is going to cost you 25% more than the


actual price of the product and do you even remember last time and the thing is I think that there's a lot of hype and fear uncertainty and doubt people are kind of freaking out a bit it sounds scary trade war and don't get me wrong I'm not trying to belittle how serious it is for anyone who has a job in one of the affected Industries people will lose jobs because of the Teri War that's what happens but think of it all as a big shifting or movement of all of the different tides of the economy itself if


there's a tariff against products from China people in America will buy less products from China because they're more expensive unfortunately right now there's not a lot of Alternatives if you don't buy the plastic swimming pool from China maybe you get from Mexico it's hard to get it at such a low price if it's made in America that's just a fact every company every business has competitive advantages and if you have a really low priced Workforce that's a massive competitive Advantage China can


make products for a lot less than we can so the question is do we want the product and if we want the product we have to make it and we have to get to that point it'll take years to get there in January 22nd 2018 solar panels and washing machines both saw tariffs imposed against them and remember it's not against the product it's against the country making the product so tariffs of 30% were imposed on imported solar panels washing machines faced tariff starting at 20% and that tariff amount


would increase with the number of imported washing machines now March 1st 2018 we had tariffs on steel 25% aluminum Imports were subjected to a 10% tariff it's actually on July 6th 2018 where the actual trade war with China kind of broke out and as you can see we've had trade Wars with Canada and Mexico we've had trade Wars with China Europe lots of them in the past and they're scary and they do have an impact on people affected and on the overall economy but in general most people are


way more worried about this than they need to be it's a matter of even using them as a negotiation tool if you look at it Donald Trump's got leaders of all sorts of countries jumping around changing things for what he wants because of these tariffs they do have uh value for a negotiator and just a heads up I'm going to get you a big report about all the top stocks under $5 in the new modern technology space you should have it in your hands Sunday if you're a subscriber to my newsletter on July 6th


2018 China trade war begins we impos a 25% tariff on 34 billion worth of Chinese Goods the response to that if you remember was China doing their own tariffs and negotiations and movements because of the trade war and that's when we were stopping selling them soybeans they terrorist soybeans it made it difficult to produce the soybeans at a profitable cost and the soybean farmers were affected by it the agricultural industry in America was affected by it and that's just an example of how it


plays out there will always always be retaliatory tariffs and this is what I'm saying the tariffs are set to begin on February 1st the new ones and when they get launch and we're talking 25% against Canada Mexico there's also some against China some of the effects can be increased prices if products cost more to bring them into the country to make whatever product you're selling you have to put a bigger sticker price on it the price of products will increase in that way but people adjust their buying and


selling habits people change what they're going going to buy because of the tariffs and all of a sudden they don't spend more money total but certain products cost more so they inflate whereas other ones cost less because people have less money because there's all these tariffs along with inflation and everything else so here's all the new tariffs that are coming out now president Donald Trump announced plans to impose a 25% tariff on all Goods imported from Mexico and Canada effective February 1st 2025 now listen


to this one you think that was scary listen to how big this one is a tariff against China of 60% is proposed for anything imported to the country from China and that's aiming to booster the US economy and encourage domestic manufacturing exactly if you take a trading partner that sends you all these goods and you add a 60% tariff on those goods it's very unlikely anyone's going to buy those goods and all of a sudden there's a open market for American manufacturing to fill that void will be


growing pains first as all these pieces move around just think of it like the whole border is getting rattled or shaken so there's potential price increases but there's also the reaction by the industries there's a lot of decisions being made to prepare for the tariffs or to react to the tariffs the tariffs are expected to raise the cost of imported goods including essential items like food and medications economists warned that American families could see an increase in costs for grocery expenses due to higher prices on


products such as avoc avocados chocolate and coffee we get something like 80% of our avocados from Mexico and now those avocados cost more that'll have an effect in a lot of ways but you don't necessarily take a hit from it because you might not buy an avocado or be in an affected industry a lot of people will see what's going on the trade War but they won't be directly affected not clearly directly affected everyone's going to be affected but they won't be clearly directly affected some people


will that's a vast minority and I'm not saying that because it's a minority that's okay I'm just saying that most people are going to be way more worried about this trade War than I believe that they should be and I wanted to give you this quote from JP Morgan Chase CEO this is Jamie Diamond and he says the US Stock Market is kind of inflated and he says that asset prices are currently in the top 10 to 15% of historical valuations it's a lot higher than that but anyways he also defended president


Trump's proposed tariffs suggesting critics should get over it as tariffs can serve as an economic tool or negotiating tactic exactly my point like I said earlier we've got a big tech report coming out all the top stocks under $5 in these new modern technology spaces you and I have to keep an eye on this trade War every step of the way know what's going to happen next how it's going to affect you and we'll keep on doing that that's why you want to subscribe to the channel but you can


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