https://youtu.be/l-tJ8n_u3u4?si=gaCCUfKRlwNVx-wd


Before the August tariffs wave, US 2:57 duties were already at their highest 2:59 level since the Great Depression, 3:01 believe it or not. And now they're even 3:04 higher. Analysts at Yale estimate that 3:07 new tariffs will cost the average US 3:10 household $2,400 3:13 per year. What about GDP growth, would ask? It is now slashed by half a 3:18 percentage point. How about those new 3:20 jobs? Half a million jobs are expected 3:23 to disappear. That's right, disappear. 3:26 And last month's jobs report already 3:28 shows that trend. Just 73,000 jobs 3:32 created with earlier numbers revised 3:34 downward. Business investment is 3:37 slowing. Consumer spending is dipping. 3:40 Confidence is falling. There's no 3:41 denying that. <


This is not the art of thedenying that. This is not the art of the 3:44 deal. This is economic self harm. And 3:47 yet Trump's team argues that this is 3:49 strategic. Rest assured, it is meant to 3:52 secure better trade deals in the future. 3:55 So let's examine that. The United States 3:57 has signed a handful of new trade 4:00 agreements with the EU, Japan, Southmostly empty shells, vague commitments, 4:13 non-binding frameworks, wildly 4:15 unrealistic goals. Take the EU for 4:18 example. I have an entire video on that. 4:20 The United States says that Europe will 4:22 boost energy imports from America to 4:25 $250 billion per year. Reality check. 4:30 Last year they bought $64 billion worth 4:33 of energy from the United States. Now 4:35 going from 64 billion to 250 billion in 4:39 less than four years. That is a fantasy. less than four years. That is a fantasy. 4:43 Also fun walked back her promises that 4:46 she made to Trump several days after 4:48 their meeting. Then there is Japan. Of 4:51 course, Trump claims that Japan will 4:53 invest $550 billion dollars in the 4:56 United States with most profits 4:58 supposedly flowing back to America. 5:02 Japan, understandably, is quite