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Over the weekend, Trump announced he’d be putting tariffs on Mexico, Canada and China, and while he’s only followed through with China, this does suggest his second term could be more economically aggressive. But could Trump actually lose his own trade war?
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Sources:
1 – https://www.eiu.com/n/the-impact-of-us-tariffs-on-china-three-scenarios/
2 – Bloomberg live on de minimis exemption https://www.bloomberg.com/news/live-blog/2025-02-01/trump-imposes-tariffs?srnd=homepage-asia
3 – https://www.piie.com/research/piie-charts/2025/trumps-threatened-tariffs-would-raise-prices-toys-electronics-footwear
4 – China exports by country https://wits.worldbank.org//CountryProfile/en/Country/CHN/Year/2022/TradeFlow/Export/Partner/ALL/Product/Total
5 – Canada exports by country https://wits.worldbank.org//CountryProfile/en/Country/CAN/Year/2022/TradeFlow/Export/Partner/ALL/Product/Total
6 – Mexico exports by country https://wits.worldbank.org/CountryProfile/en/Country/MEX/Year/LTST/TradeFlow/Export/Partner/by-country/Product/Total
7 – https://www.eiu.com/n/the-impact-of-us-tariffs-on-china-three-scenarios/
8 – https://paulkrugman.substack.com/p/how-to-damage-us-manufacturing
9 – PIIE comparing impact on US vs Canadian/Mexican economies https://www.piie.com/microsites/2025/future-usmca
10 – CFR article on impact of sanctions https://www.cfr.org/article/what-trumps-trade-war-would-mean-nine-charts
11 – https://x.com/ianbremmer/status/1885817174888988716/photo/1
12 – PCE inflation https://www.bea.gov/data/personal-consumption-expenditures-price-index
13 – https://x.com/ernietedeschi/status/1885502886903214196
14 – https://truthsocial.com/@realDonaldTrump/posts/113931044424714413
15 – https://paulkrugman.substack.com/p/why-has-trump-gone-soft-on-china
16 – https://www.ft.com/content/5a262286-e53b-44d7-a99f-5dd26c1fb1e3
00:00 Introduction
00:47 The Tariffs
01:41 Their Impact
04:50 Why?
07:36 Nebula (Sponsor)