Trump's Tariff Gamble: Economic Shake-Up and Political Fallout

Trump's sweeping new tariffs are shaking up the economy, sparking debate across America. From small-town support to global backlash, here's what you need to know.

547views
22likes

Create Your Own

Make AI-powered videos in minutes

Video Transcript

Full text from the video

0:00

President Trump has imposed massive new tariffs on nearly all U.S.

0:04

trading partners, calling them 'reciprocal'—but experts say the math doesn’t add up.

0:10

The move has rattled global markets, with the Dow plunging over 3,800 points in two days.

0:18

Trump insists it will spark a manufacturing boom, but economists warn of inflation and a possible recession.

0:26

In Delta, Ohio, many residents back the tariffs, seeing them as a way to revive American industry.

0:34

'Sometimes you have to walk through fire to get to the other side,' says Mary Miller, a local

0:40

shop owner.

0:42

Despite warnings of rising prices, locals believe the long-term benefits outweigh the short-term pain.

0:50

A deal to keep TikTok running in the U.S.

0:52

was nearly finalized—until Trump’s new tariffs on China threw a wrench in the plan.

0:59

ByteDance now says China won’t approve the deal without broader trade negotiations.

1:05

Trump extended the deadline by 75 days, hoping tariffs will force a compromise.

1:11

The Senate approved a budget extending Trump’s 2017 tax cuts and slashing spending.

1:19

Republicans say it prevents tax hikes, but Democrats argue it favors the wealthy and risks vital programs.

1:28

The plan adds trillions to the national debt, even as tariffs threaten economic stability.

1:34

Former President Obama is calling on Americans, universities, and law firms to resist Trump’s agenda.

1:43

He criticized the administration’s use of tariffs and attacks on academic freedom, warning that democratic norms are under

1:51

threat.

1:53

'You may actually have to do something,' he told a crowd in New York.