Video Title: Trump Crashes The Market With NEW 50% Tariffs
Channel: Sasha Yanshin
Speakers: Sasha Yanshin
Duration: 00:13:42
Introduction
This video discusses Donald Trump's imposition of new tariffs, a 25% tariff on Apple and a 50% blanket tariff on the EU. The speaker analyzes the market's reaction, Trump's reasoning, and the potential geopolitical implications of these actions.
Key Takeaways
Trump imposed a 25% tariff on Apple: This was in response to Apple's manufacturing iPhones in India instead of the US. The legality of this tariff is questionable under US law and WTO rules.
A 50% blanket tariff was imposed on the EU: This followed the Apple tariff and was attributed to the EU's perceived uncooperativeness in trade negotiations. The short notice and logistical challenges for goods in transit were highlighted.
The video questions the legality and practicality of Trump's tariffs: The speaker points out that there's no US law allowing tariffs on specific companies and that the action violates WTO rules. The speaker also questions the feasibility of such quick implementation given shipping times.
The EU's VAT system is explained: The speaker clarifies that VAT is a sales tax, not a trade barrier, and its application is consistent regardless of product origin.
Geopolitical implications are discussed: The speaker argues that Trump's actions inadvertently strengthen China's negotiating position, as it allows both China and the EU to adopt a wait-and-see approach against US economic pressure. The speaker explains that continued tariffs on both the EU and China would negatively impact the US economy.
