Donald Trump’s new “Liberation Day” tariffs are shaking the foundations of the US economy. With average import duties spiking to 22% — the highest since 1910 — economists are sounding the alarm. Everyday Americans could face over $1,300 in extra costs, while Wall Street wobbles and businesses pull back investments. Is this the start of a new recession? Or will Trump reverse course before it’s too late? In just one minute, we break down how this bold move could reshape the economic landscape — and what it means for your wallet.
:chart_decreasing: Inflation
:bar_chart: Recession risks
:dollar_banknote: Dollar drop
:briefcase: Jobs on the line
Watch now to understand the real impact of Trump’s trade war 2.0.
WooGlobe Ref : WGA614165
For licensing and to use this video, please email licensing@wooglobe.com
:chart_decreasing: Inflation
:bar_chart: Recession risks
:dollar_banknote: Dollar drop
:briefcase: Jobs on the line
Watch now to understand the real impact of Trump’s trade war 2.0.
WooGlobe Ref : WGA614165
For licensing and to use this video, please email licensing@wooglobe.com
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FunTranscript
00:00Donald Trump just triggered a massive shake-up in the global economy.
00:03He's calling it Liberation Day.
00:05But to economists, it's a ticking time bomb.
00:08With sweeping new tariffs now in play, almost every import is hit,
00:12sending the average U.S. tariff rate skyrocketing from 2.5 percent to 22 percent,
00:17the highest level in over a century.
00:20This move could slam the brakes on an already weakening economy.
00:24Prices are expected to soar,
00:26with American households potentially facing an extra $1,350 a year.
00:31It's not just frustrating.
00:33It's dangerous, especially at a time when growth is slowing
00:36and inflation is already a concern.
00:38Wall Street is sounding the alarm.
00:40The dollar is slipping,
00:42investor confidence is falling,
00:44and companies are pulling back on investments.
00:46Economists warn this isn't just inflation.
00:49It's a recipe for recession.
00:51And the Federal Reserve is stuck in the middle.
00:53Raise rates and risk collapse
00:55or lower them and risk runaway inflation.
00:57The global ripple effect could be brutal.
01:00If trading partners hit back,
01:02U.S. exports will suffer,
01:04jobs may disappear,
01:05and markets could spiral.
01:07So the big question now is,
01:09will Trump stay the course, or backtrack,
01:11before the economic pain becomes too great?