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- เผยแพร่เมื่อ 8 ก.พ. 2025
- Markets have tumbled in reaction to Trump's tariffs as he warns the UK is "out of line" on trade with the US.
Donald Trump's tariff's are going to have "big economic consequences" for the world, Sky's economics and data editor Ed Conway explains.
Trump's first term in the White House was a "rollercoaster" and this time "it's clear it's going to be the same", he adds.
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Do not buy US products, Do not go there on holiday, Do not fill your car at Esso stations, Do not watch their movies. Simple.
Hahah yea buy $10 eggs and bread hahahha
Same with the EU who also apply tariffs to importers?
do grow up, simple
We don't but GMO over here. And why would we buy their gas gussling huge cars when petrol for us is much more expensive. Trump calls it unfair but the European customer is never going to put themselves out of pocket to improve America's trade deficit.
@@Zdashablehow’s your business doing? Promoting brands huh?
Wait till those tariffs on Canadian crude oil that is 60% of what the US consumes hits US gasoline prices.
The us does not use remotely that much..uts a drop in the bucket the us has more oil than the rest if the world remember that
@@AliciaMotsinger The U.S. is not as invincible as it believes Donald Trump in his characteristic arrogance has decided to wage an economic war against the very partners who have long supported the American economy. A 25% tariff on Canadian and Mexican goods a 10% tariff on China and soon tariffs on the EU. He imagines this to be a demonstration of American strength in reality it is nothing short of a strategic miscalculation of epic proportions. America likes to boast about its so-called “energy independence.” The reality? It is a myth the U.S. does produce a significant amount of oil but it still depends heavily on imports and 60% of those imports come from Canada this is not some minor statistic this is the backbone of America’s energy security. The U.S. has around 60 billion barrels of proven oil reserves Canada has 170 billion barrels nearly three times as much. And yet Trump has decided to slap a 25% tariff on the very country that provides the bulk of America’s imported crude oil What will happen when the price of Canadian crude skyrockets? American refiners will pay more and as a result American consumers will pay more at the pump the average American will not thank Trump when they are paying $5 or even $6 per gallon for petrol this is a self-Inflicted economic catastrophe. Trump claims to be making America great again yet every single move he makes pushes the U.S. closer to economic decline. This is not strength this is self-inflicted weakness every country that Trump targets will respond in kind tariffs on American goods will rise across the board and soon the U.S. will find itself the most tariffed nation on the planet. Canada will retaliate the U.S. exports billions in goods to Canada everything from machinery to agricultural products tariffs will make American products uncompetitive. Mexico will retaliate U.S. companies depend on the Mexican supply chain for manufacturing higher costs will drive production out of North America entirely. China will retaliate Beijing has no interest in playing Trump’s game they will target American farmers tech companies and industrial goods sectors that are critical to the U.S. economy. The EU will retaliate Europe will not sit idly by as Trump imposes economic warfare tariffs on U.S. goods will cut deep into American exports. The Only Loser Here Is America Trump does not understand geopolitics he does not understand economics he is making the classic mistake of every declining empire assuming that brute force alone can command obedience but the world has changed. America is not the sole economic superpower anymore. Canada the EU China and Mexico do not need the U.S. as much as the U.S. needs them. Trump is walking America into a trade war that it cannot win he believes he is punishing the world but in reality he is isolating the U.S. and making everyday Americans pay the price. His tariffs will cripple U.S. industry raise consumer prices and accelerate the decline of the American economy. Washington believes it can act without consequence that illusion is fading fast.
The US doesn't need Canadian gasoline. It's largely energy self-sufficient
They buy 4.2 million barrels a day from Canada
So yeah they need our oil
@@elvis2495it really isn’t. US oil refineries are setup to refine the oil out of Canada. The US isn’t setup to refine the oil it pumps out of the ground and it would take a lot of money to modify the US refinery plants to refine their own oil. That’s why they masssively export the oil they pump.
The biggest loser here is the consumer
Trump lied when he says he was going to lower grocery prices on day one... 2 weeks later everything's about to go up
Undoubtedly. Only a few monopolies will benefit
No it isn’t
@@user-Kova15 Yea it does. When the U.S. imposes 25% tariffs on Canadian goods it means American businesses and consumers pay higher prices for those imports. Tariffs are essentially a tax on imports and the extra cost is usually passed down to consumers in the form of higher prices for goods and materials. America is the biggest loser here expect the countries that Trump as tariffed to hit back and hit the U.S. real hard.
@@Jordon168 Americans don't seem to realize that a lot of the components, materials, and machinery used in "Made in USA" products are made by foreign companies in foreign factories. Tariffs on imported lumber will impact housing/construction costs, and tariffs on imported oil will impact prices of gasoline, jet fuel, heating oil, and electricity, which will impact everything from transportation, logistics, airfares, to steel and aluminium production.
🇨🇦here......erm.......how about some support from our head of state and Commonwealth partner??
Always welcome to do trade with us
UK here. What could the King do? As for Starmer - I wouldn't bet on that weasel.
Ps I do think it sucks what the US is doing to Canada.
Why Britain’s number one trading partner is the USA.
@stefanahmad6926 the EU doesn't believe in free trade. Never has, its a protectionist block
@@TheIceman567 No it’s not, Britain biggest trading partner is the EU.
This is where Starmer will have to choose between the EU or the US..
U.K. politicians will always submit the U.S. orders.
Why? Doing neither is clearly the best option
@PoonHandler or the worst.. tariffs from both..
Please EU not the tyrants
Or canada, Australia and New Zealand.
He was going to stop the war in 24 hrs!
Some people say nothing is impossible, but I do nothing every day.
👏
The uk can’t even afford to heat its old pensioners never mind play a trade game with the us
I mean we could but people don’t want to pay tax.
The irony of the UK we are so uncompetitive thus Import so much Trump look on us in pity. Damn ironically so bad we’re good.
Trump supporters think manufacturing will just magically appear in this country thanks to tariffs 🙄
Trump supporter here. Yes, we believe the $1+ Trillion investment pledges made in the first week of Trump being in the White House will result in economic boom and manufacturing. We believe lowering Corporate Tax to 15%, lower than E.U. or any other Western develop country will result in more businesses doing manufacturing in America. So yea, we Trump suppoters believe.
He did say he loves his uneducated MAGA though.
The U.S. consumer will be furious soon with the higher prices.
@@everready800 No, we the U.S. consumer will be in less pain than Canada and Mexico, where Sky News, the PM of Canada all agreed, 25% Tarrifs will cause both of their economies to enter recession. For the U.K., i imagine just 15% Tarrifs will be enough to cause a U.K. recession. The U.K. growth laster year was just 1%. Lets be serious here.
@wanaced6 Obviously a trade war will cause financial pain everywhere. But Trump's aims are to improve the U.S. economy. Let's see! Europeans could do with Canadian oil and gas at the right price!
USA has now got it's own version of Brexit! Yay!
Still struggling to accept British democracy?
😴
@@EUistheFourthReichagreed, I’m
American support Briexit 100% 🇬🇧🤝🇺🇸
@@EUistheFourthReich democracy doesn't work if the population is fed lies, as happened with Brexit. We were told that immigration would decrease and the economy would grow.
Will he impose tarrifs on Israel too?
Is that a rhetorical question?
depends on how much is the trade deficit
one mustn't hurt god's chosen people
It's too late for people to wake up we will suffer for his term. A liar criminal 34 felonies why are people surprised
Imperialism personified 😂
Well if they impose tariffs perhaps the USD will eventually lose its world reserve currency status. The USA already export their inflation through USD.
Seems the UK has no idea why Trump put tariffs on Canada and Mexico either.
Its Project 2025
Because he does politics like he does business deals for real estate. Thats litrally it.
@@Skunkman-w5x If a business venture goes wrong DJT just declares bankruptcy and walks away. He obviously thinks he can do the same with a country's economy. Sorry Donnie Chapter 13 only works at your level.
Well let's start with a 600% rise in drug trafficking from Canada in 4 years, more illegal immigrants were apprehended from Canada in 2024 than the previous 12 years combined and the worse metric 1200 individuals on the terrorist watch list crossed the Canadian border and were apprehended in 4 years. By comparison the 9/11 attacks that killed 4000 Americans were accomplished by only 9 individuals. The Americans requested Trudeau increase his border security investments and he basically refused. Now none of these numbers will be reported by Canadian media...its just easier to say Trump is a bully.
Neither does Trump, he said it was because the fentanyl and immigrants, Canada pledged over a billion on the border protection and Trump went ahead with the Tarrifs. The real reason is to try and annex Canada through Trump's own admission.
The economy will die & there will be a recession. The interest rates will be low once more, but there will be no growth & no-one will get a pay rise again for decades . 😮
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The bad thing for UK is that its smaller and weaker during negotiations. US is way more afraid of tariffs from EU than UK as its bigger. Like Colombia had to back down
It doesn’t work like that.
Volatility = opportunity
He has said a deal can be done with the UK and no need for tariffs on UK. So the UK should stay out of those trade wars. Our economy is already struggling. Trumps main point seems to be the massive trade in balances with the USA, EU has +$300 billion for example with USA, that is why its a target for tariffs. Its same with Canada, Mexico & China.
Because they dont want us to give the Chagos islands away (nor should we). It's hard for the US to sell UK their cars they're too big, they can't sell us their food as it's poison and there isn't much we buy from them over what we sell them, we are a very small trader partner. What we do have what America wants though is 'safe' military sights for them. The USA is reliant on the UK for many military aids including intel since GCHQ control most of the data that moves around the world (sic Snowden files).
It's not about that just like it's not about his made up fentanyl and illegal immigrant accusations on Canada. The US imports raw materials and manufactures the finished product selling it for a huge profit. They have about a $42billion deficit with Canada which is the 11th highest (despite him making up a new number every time he talks about it) but just on our oil alone they take 100billion of our crude and turn it into 300billion of refined products. All in all he is just trying to get more tax money coming in to feed his oligarchs at the expense of the average American paying these tariffs.
@@Borderman47the nhs that doesn’t work properly and is unsustainable
@@Viewer-discretion-is-advised7 Try calling an ambulance in the US and max out your credit card.😀
We have no tarrifs yet thames water are now charging me an extra £19 a month from April, council tax is due to rise and electric and gas is out of control, why not discuss the problems of the uk
Nationalisation the losses
Privatise the profits
Import/Export trade between the UK and USA is quite even, wouldn't be worthwhile for Trump to put a tariff on the UK.
Open the UK to all US import or Trarrifs, its that simple. Or even better, lets get a trade agreement going.
According to the figures Trump uses we've got a trade deficit with the US, so we might get lucky.
I feel sorry for Canada, they're going to suffer big time.
Americans will suffer. The only people who benefit from raising prices are the wealthy.
Wake up !
Canada just needs to agree to be the 51st state and their troubles will end as they enjoy a new era of freedom.
Thats because they export huge amount of oil to the USA and they have a population of 40m vs 350m ish Of course they are going to have a deficit.
No they won't the USA will
@@MrsProud2002😂😂😂😂😂😂
The aim is the crush all the markets and then pump them back up again once they have gobbled up large amounts at bargain prices, sell them and then create a dump again. For all the complex evaluations this is the core tactic of this and nothing more.
This sort of thing needs to be done over time. We were not reliant on USA as we were keeping there prices down. This is insanity. Bad for everyday North Americans and big and small business. Bad ethics and bad business.
It may be dangerous to be America’s enemy, but to be America’s friend is fatal.” Henry Kissinger
This is a distortion of the use of an economic tool for a political's end.
This is another example of US gender fluid policies. One president signs a deal, the next reneges that very same deal but with Trump, policy changes depending on his mood.
This was like the period between the 20s and 40s. Isolationism. that follows a war .... poverty is going to go mad
Love this dude
trump hurting the working man cost of living skyrocketing
won't hurt the Americans to walk a bit
why is the News Media only discussing this now, trump threatened tariffs before the election and one of the reasons he won was that Americans thought the countries he was going to impose the tariffs on would pay the tariffs
They will thats hiw tariffs work..otherwise in the 80s Japan would have wiped out the auto industry and the only cars here would be all Japanese so the country in fact does pay the tariff
Tariff is an import tax paid by the importer then it's passed on to the consumer. Japanese cars was tariffed to make them more expensive for customers.
@@AliciaMotsingerthe country importing yes. So America.
regular people will have the most effect .
No matter if the new American dictator will impose these tariffs, Canadians have lost any trust in the USA
Who cares
@@TheIceman567 The US are fascist now. They don't care at all.
Democratically elected isn’t a dictator. Keep crying
@ many dictators are elected. Let’s see what is left of democracy in the US in a few years. It was in a bad state already but in 2-3 years basically nothing will be left.
@ Well, USA's leaders don't think that regular Americans are worth having affordable healthcare.
So, does anybody care about US-Americans?
There are tariffs in terms of tax, I pay UK and German tax on German goods. That’s a tarriff
He put tariffs on the uk last time he got in, we countered with tariffs on luxury items coming from the us, ppl forget things so quickly lol. Theres nothing new here
No he didn’t.
Isn't China a bigger economy and more successful? It won't impact the rich it never does.
No China is not a bigger economy - the US is still larger by far.
@@tendaic2425 They have 5 times the population, give it 10 years
@@FatalBeam the question was is China bigger right now, not in future. But also: everyone was saying China was going to overtake the US in 10 years...10 years ago. Nothing is certain until it happens.
China's population is falling by 100 million per year @@FatalBeam
Even the so called experts seem to have no clue, Trump doesn't care one bit 😂
Those experts have no clue how gameshow hosts behave when they are given a position of responsibility.
Bad decision considering the source
He's already destroyed my 401K! I regret voting for him!
They said this about brexit but nothing changed.
Well a lot has changed cos of Brexit. Uk manufactured goods loss, immobility of Labour. Ow yes Legal migration jumping over 3x to above 1million !!!
@@Toodyslexicforyou yeah yeah loads mate.
Keep telling yourself that
@@Toodyslexicforyou but what actually changed in your life?
I'll be honest brexit did affect me in one way....
My budgies cuttlefish now comes from England instead of Timbuktu.
Good
God - What I would pay to watch the Poison Pumpkin take a very long roll, off a very short pier...
The great depression II is comng.
Sky widely campaigned for him.. i hope tariffs find their way to Uk
lots of import export taxes tho
There is no winner in trade wars, Trump must think about that 😂😂😂😂
As Dollar strengthens We buy Crude at US Dollars, cost of Fuel will climb and fast
Lol why mention what reform uk have to say
the bubble just burst
"Proposed"???
The big Question is...
Who is this profiting to?
Well...
I'm all for the EU getting slapped with tariffs. The UK wanted its independence (majority vote) but never wanted to be on bad terms. Just like an abusive spouse, the EU wanted to make an example of us because they didn't want other countries to think they should exercise their democracy and want independence.
They made things awkward, more than it needed to be. Like it had been said, we left the EU not Europe.
Our "leader" and King need to get out of bed with the WEF as well. I mean, Elon Musk wasn't welcomed by them into British politics because he's a foreign elite... Sorry what are the WEF again? Hypocrisy. Independence but friendly relations isn't an unreasonable request is it. Maybe to some it is
The EU cannot be blamed for all of the animosity between the UK and EU. Our politicians were spectacularly terrible at negotiating a deal
Preceded by the blend of arrogance and ignorance, inflation and poverty are about to skyrocket 😮
Not how economics work
De-dollarization
Special relationship anyone? 😂
What a load of.... fill in the blanks.
Why? Trump said he was going to tariff the UK.
@dangermouse9055 That's why I was laughing 😃
US has a trade deficit with
Canada $66 billion
China $ 367 billion
EU $123 billion
The US is balancing the books
What’s the problem ?
These are annual deficits.
The default over a 10 year period would be mind boggling.
The Canadian Deficit is due to Oil; without it, there is a surplus.
The trade deficit doesn’t include services in which case the USA has a Hugh trade surplus
But it’s not without.
The figures include services.
Are these people in charge brain dead no one is falling for this its so funny
Trickle up pain won't reach the White House and its billionaires. This is craziness.
The UK mustn't give access to the NHS to Americans. This is what Trump is aiming at!
NHS is a just political tool.
It will survive ( excuse the punt )
Cheeper medication better equipment, open the NHS to the American market, i’m sure the American will give back in kind
Uk is not united anymore
We are united against Labour.
@OnlyMe-y5e 40 million +
China, Mexico and Canada tariffs are directed (among other things) at fentanyl and illegal immigration. Trump is asking/telling them to step up and do something to slow down both problems.
Trump 2 = Brexit, American style.
BRICSit
Sky fake news
So yanks will have to pay more for our jams and whiskey as for American imports coming in I've never bought any, never will
Propaganda
🇺🇸🤜🏼🇺🇸
Usa bulling usa is finshed
Sky scaremongering again😂😂
Brexit disaster
*LMFAO!!!* 😂😅😆🤣
U.Sexit
The corrupt Eurocrats will be utterly furious 😂
The Putin puppet Trump is just making Americans poor.
@@TimoDyerAny evidence to support your radical hypothesis?
@@EUistheFourthReich look in the mirror 😂
@@roymurray2516 EDMO network employee?
Let’s go Trump!😂
Drugs have bigger consequences, people are dying
Consequences are that the rest of the world is reminded who is in charge.
America First 🇺🇸🇺🇸🇺🇸
USA is a failing state. The world can unite in defiance of the world bully. This trade war will strengthen trade between countries apart from the USA.
Trump will bankrupt 🇺🇸 and the MAGA masses might finally wake up.
The outcome of this will be the rest of the world pivoting away from the US because the US cannot be trusted to meet its treaty obligations or any other agreement it makes. The Europeans and others won’t buy US defense equipment and the US will be less secure and poorer with fewer allies. This will weaken America and embolden China.
NO!!!!!!!
wy dont the british put tariffs on japeneed motorbikes there a start to brexcit number one
God bless Donald Trump
😂😂😂😂😂😂😂😂😂
Did he sneeze?
@Sebbir maybe, I don't get what thats got to do with Mexico sending 10,000 troops to the southern boarder.
Fine. Then Canada must remove ALL tariffs on the US. Or suffer
Boring
And in what manner were we better off with the last administration, it was a clown show.
Has anyone tried the chocolate Hershey 😂
indeed we do remember last time, it all seemed to be massively overhyped mainly by the press and opposing political powers, spreading fear and uncertainty, ensuring a nice market dip, only to recover to new highs and loads of folk involved in the fear made money. Thereafter 18 months after things had recovered and the world hadn't come to an end, it had changed, in many ways it was safer until covid helped readjust everything.
90% of U.S. cars may need to be electric by 2050 to meet climate goals. This is according to a study by University of Toronto engineers published in Nature Climate Change. ...we will consider electric but we be stupid to buy petrol or diesel.think about it , sustainability.
Explanation
Probably needs to get rid of some cars ,so he can put electric on road.