Markets Roil on Trump’s Tariffs on Canada, Mexico, China | Horizons Middle East & Africa 02/03/2025
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- Опубликовано: 8 фев 2025
- US President Donald Trump warned the world trade tariffs were coming, and now their impact is reverberating across global markets. Also on the show: oil is trading higher after President Trump imposed tariffs on crude imports from Canada and Mexico; Israeli Prime Minister Benjamin Netanyahu is scheduled to meet with President Trump in Washington; Dubai is adding luxurious mansions and penthouses as developers try to lure rich customers worldwide; Congolese authorities say at least 773 people were killed last week in the eastern city of Goma and its surrounding areas; South Africa's mining industry has been hampered by infrastructural challenges, poor economic conditions, and the threat of potential tariffs from the US; India's government has announced a record $11.5B in tax cuts. Guests include: Vandana Hari, VANDA Insights, Founder; Peter Kinsella, UBP, Global Head of FX Strategy; Christopher Smart, Arbroath Group, Managing Partner and Founder; Shirley Webber, Absa CIB, Managing Principal for Resources and Energy; Sajjid Chinoy, JPMorgan, Managing Director and Chief India Economist; Mukwandi Chibesakunda, Zanaco, CEO.
Chapters:
00:04:46 - Trump tariffs ramp up trade tensions
00:09:11 - Vandana Hari, VANDA Insights, Founder
00:16:21 - Peter Kinsella, UBP, Global Head of FX Strategy
00:21:54 - Trump's new tariff blitz to hit US households
00:27:40 - Christopher Smart, Arbroath Group, Managing Partner and Founder
00:33:07 - Netanyahu to meet Trump in Washington
00:37:08 - Dubai's new ultra-luxury homes
00:41:57 - Congo says 773 people dead in weeklong fighting
00:44:23 - Trump's new tariff blitz to hit US households
00:51:30 - Trump tariffs ramp up trade tensions
00:55:13 - Shirley Webber, Absa CIB, Managing Principal for Resources and Energy
01:00:57 - Netanyahu to meet Trump in Washington
01:12:58 - Sajjid Chinoy, JPMorgan, Managing Director and Chief India Economist
01:20:07 - Mukwandi Chibesakunda, Zanaco, CEO
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Since Trump took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.
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OMG 😱😱😱😱😱
The US 🇺🇲 is lucky to have Canada and Mexico as free trade partners.
But that equation changes when the Chinese:
- set up shops in Mexico to circumvent American taxes, and
- send Fentanyl ingredients there to process before bringing it to the US and Canada.
Solution: Stop the usage of drugs, and there is no more problem.
To avoid the tariffs, *Canada and Mexico need to reduce China 🇨🇳 exposure in their countries.*
- The 25% tariffs on Canadian and Mexican goods are not intended for the two US neighbors.
*Its aim is to deter the Chinese* who try to circumvent American taxing system by routing their ovecapacity goods via the two countries before importing to the US.
Smart play by china and a win the for the consumer but the retaliation by the US is a sign of stagnation and an unwillingness to compete for those consumers
It seeks to punish them rather than having to compete for their business. It’s demonstrable at this point that the US cannot compete in a global market if it’s relying on these types of tactics to compensate for losses.
“Unfair” doesn’t break any rules.
Your problem if you depend on goods from China
Here are just some historic tariffs Canada hits America with.
Milk: 270% Cheese: 245% Butter: 298% Chicken: 238% Sausages: 69.9% Barley seed: 57.8% Bovine/meat: 26.5% Cars: 25% HVAC: 45% Vacuums: 35% Cable boxes: 35% TVs: 45% Steel: 25% Aluminum: 45% Copper: 48%
Didn't US hit Canada with Tariffs years ago to save American Farmers? So if Canada floods the US with Dairy why would some of those tariffs matter?
You should be able to produce these goods in the US yourself
We are about to hit major global tariff turbulence!
how about we stop lobbying!?! senators shouldn't be worth millions after a year in office
she said the magic word ahhhhhhhh bloodbath!
Please have the courtesy of referring to the “middle east” as West Asia as most people in that region does.
If the dogs bark, Sancho, it is a sign that we are riding.'”
@@rafo616143 perfect quote !!!
Chinese girlfriends will be more expensive.
wait i didn't know you could buy them?! i love asiatic women, i'd like to get a chinese girlfriend for myself. what's the current price, and what do you expect the price to be after these new tariffs? i'm curious if it's in my price range. also, where do i buy them from? and you are referring to REAL chinese women, right, not ai or robots, right?
@@pIayingwithmahwii
Dime a dozen.
@@daheikkinen Apparently China is refusing to EXPORT them to the United States anymore so most definitely 👍
@pIayingwithmahwii They are real
China 🇨🇳 has exported cheap, overcapacity Chinese girlfriends around the world.
They will be definitely more expensive.
The stock market has to go down in USD for us to increase value of the dollar....
It would be very hard to balance it so the USD can gain value same as the stock market...
Ladies and gentlemen please fasten your seatbelts it’s going to be a bumpy ride!!
as if tariffs werent around during the last 3 presidents, Trump is more bold and not scared to say it on camera for ev1 to hear.
It's going to be a very rough 4 years for working class Americans. Trump is walking us right into a recession.
BS! What do you call four years of Biden inflation? We do not get fair trade dwals.Why?And Why not?
@@LearningStudent-ey4of
When you're wrong what will you say then?
@@LearningStudent-ey4of you have a lot to learn still.
So if the consumer pays the tariff, this is just a simple way to increase the taxes on the middle class. You know by far the largest group of Americans.
So did you guys hear about John Harrell Rogers being charged for espionage in the United States?
Have now, thank you.
Do Netanyahu and Trump discuss Hamas or do they discuss how to steal land?
This ones not teachable.
🥴
America protects the entire west, gets hit with tariffs by everyone, the tables have turned Darkness! Twin brother Darkness! Lol
Not buying this dip.
Breaking news is Elon has everybody's social security numbers has been into the security clearance only areas and been pulling information to overthrow the government
99.998% of MAGA can’t find Canada on a map yet trump wants to make it the 51st state. Hope all the farmers in the Dakotas who knew the tariffs would destroy them yet voted orange feel the pain. There’s always work farming bitcoin
So, now you are wishing pain about Americans?
@ no only MAGA for their ruthless stupidity.
The National Corn Growers Association and the American Soybean Association found a tariff-induced trade war with China would “hurt” U.S. farmers, based on a jointly released study that pulled from 2018 tariffs data and GOP presidential nominee Donald Trump’s economic plans.
Worse-case scenario figures in the study show that soybean exports to China would have an average decline of nearly 52% below baseline expected levels, and corn exports would have an average decline of 84% below baseline.
Breaking news is Elon has your social security number how does that make you feel and he's got more information than that and he's in the top secret stuff for the whole entire nation how does that make
Avril Hong!'
He is doing this so his friends can buy on the dip of course😂😂
why don't you buy on the dip then?
thats why all the billionaires were on stage with him. not only were they letting us know they are with him. he was letting us know he controls them. like putin controls his wealthy people under threat of well.. you know.
@@pIayingwithmahwii only billionaires can afford what hes talking about. not you or i.
And no doubt he’s working some back room deals for him.
Why has the US a trade deficit with the EU? Because the US products are expensive and of poor quality. Why should we buy them?
They say the same bout your products. Let's see whom going be still standing in twenty years.
Money spent on goods and services.
Trade deficits don't account for services.
As an American; other than some garbage made in Europe sold at Aldi, I can’t say I see any EU goods. Many European cars sold here are now made here, or in Mexico.
You are a complete id10t. Im not sure you get it. We don't care.
What are you producing in the US?
Where was the outcry by the media the last 4 years during Joeflation?????? 😅 😂😂
You’re an idiot. Inflation was coming down and at its lowest levels in 15 years. Stop huffing gasoline.
you're daft
@@KJ50yeahhh wouldn't have been bad if his own party didn't spend like crazy on packages for the dumbest things. Or the way they handled the covid crap.
I see you’re still a cult member.
@@garyking9484 says the guy chanting four more years to a women that failed the only job she had in the biden administration. 🤣🤣🤣🤣 meanwhile maga chants USA. tell us you hate America and idolize oligarchs like George soros and Bill gates without telling us
MAGA= Men Are Governing America 🇺🇸🦅💪 MAHA= Make America Healthy Again 🇺🇸🦅💪 Resist the propaganda Corporate Networks!!!
@@hardkoregamer1981 🤡
Yep, Elon and Donald...classic symbols of masculinity lmfao
@@hardkoregamer1981 You’re biting into propaganda just the same, spewing that non-sense. You’re just as stupid and blind as the people you argue with most likely, like all people who are too blind to see through what politics really are.
Wierdo
Trump has become a laughing stock 😂😂. What a weak leader.
This ones not teachable.
Your comment is a garbage can 😂
Someone’s family got deported. 🤣🤣
His favorsbility rate is at record highs.
I wonder if trumpers will still be for trump when he gets us into the next great depression lol.
Hypothetical
don't underestimate a cult of personality
@ Hypothetical based on past actions of republicans.
Trump Trump Trump You The Man 🥰already making the dollar strong
Not good for the US
@@ruckzuck-m8q
When you're wrong what will you say then?
@@ruckzuck-m8q You're ok with every other country taking advantage of the US!
He crashed it this weekend. But you would not know
@@SSilver-25 lmao. No. He didn't
Thank you president Trump now China will have to deliver on stimulus from A grateful Chinese equality investor.
@@livefreeordie7598 you realize a tariff is a fine imposed on US companies who import from these countries, right? China ain’t paying anything. US companies will pay the fines and just raise their prices forcing US citizens to pay for it…
Lol rave to 0
Trumps gonna make the Stock Market crash! Yay! 👏 bye bye millionaires and billionaires!
You sound insane
The poor and middle class are going to pick up the tab like always. So…?
markets SHOULD have a bad day/week but those traders are like jr. high girls. they scream and jump over God knows what? a spooky bunch for sure.
Too bad that "spooky bunch" makes all the decisions for your retirement accounts - But then again they're bound to get spooked when a moron with the emotional maturity of of a 3 year old passes really bad economic policies.
Buckle up, it's going to be a bad 4 years at this rate.
Jo Mama. Your first name is too hard to pronounce so that’s your nickname. : )
This was you in school. Teacher: are you done with your test yet? You: no I’m still printing my name.
Meanwhile he's got his cookoo friend at treasurey department trying to get at America's $$$ helping him self , working for Putin interest , where's the oversight on this !!!!
None
These "old" financial systems will ALL be torn down, and We will bring in a new system which does not ENSLAVE GODS children. Welcome to the GOLDEN AGE!!!!
🤡
It's easy to spout these idealized outcomes when you really don't know what going through the storm actually means. I too want more equity and access but you can't just shout it and expect it to magically happen. The Golden Age won't be fully in place for many, many years. Good luck with making through the upheaval.
Looks like the free ride is over for a lot of countries. Wonder how much they will make their subjects suffer before they just start being responsible? My guess is a lot. Can't be losing face to orange man even if their subjects suffer.
God bless President Trump and his supporters
Love President Trump…every country we trade with has VAT on our products. Time to level the field. 🤦🏾♂️🤷🏾♂️🙏🏿🙏🏿🙏🏿
Market goes up and down all the time. Investors invest knowing there are risks. God's still in control.
🤡
Will be stable few months. Brings factories back America 🇺🇸. Import fruits, goods vv… from another countries as Columbia, Asian countries vv… Requesting safety and stop drugs have approving.
bloomberg....the cnn of woke financial news.....
🤪🟥⬜️🟦
I lost my life savings, and they are taking my home, I will soon be completely destitute. I blame Obama and Obiden and TrumpO. And the ( Electirate the House and Senate known as congress) Asia Canada and Mexico and Canada can you know.🟥⬜️🟦🤪
Canada is screwed.
Trump didn't cause your predicament...started w / Obama the Biden put the cabosh on everyone that isn't well off ...
Breaking news is Elon has everybody's social security numbers has been into the security clearance only areas and been pulling information to overthrow the government
Breaking news is Elon has everybody's social security numbers has been into the security clearance only areas and been pulling information to overthrow the government