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Support me ♥ / leaflit Watch me ♥ / leaflit Follow me ♥ / leaflitvt See me ♥ / leaflitvt Discord ♥ / discord TTRPG ♥ https://rpg.angelssword.com/ MERCH ♥ https://shop.angelssword.com/ In this video, I react to former President Donald Trump's recent "Liberation Day" speech, where he announced significant changes to U.S. trade policy, including the introduction of new tariffs. Key Points Discussed: Introduction of New Tariffs: Trump announced a baseline 10% tariff on all imported goods into the United States, aiming to "rebuild our economy and to prevent cheating." Additional "reciprocal tariffs" were introduced, targeting specific countries with higher rates based on existing trade imbalances and perceived unfair practices. For instance, imports from China face a 34% tariff, while the European Union faces a 20% tariff. Implications for International Trade: These measures represent a significant shift towards protectionism, with potential consequences for global trade dynamics. Critics argue that such tariffs could lead to increased consumer prices and strained relations with key trading partners. Economic Justification: Trump framed these tariffs as a response to a "national emergency," citing a substantial trade deficit as evidence of unfair global trading practices. He asserted that the new policy would generate significant revenue to reduce taxes and pay down national debt. Additional Context: Global Reactions: Countries affected by the new tariffs are considering retaliatory measures, raising concerns about a potential global trade war. news Domestic Impact: Economists warn that while the tariffs aim to boost domestic manufacturing, they may lead to higher costs for American consumers and businesses, potentially impacting the broader economy. Donald Trump Liberation Day speech, Trump announces new tariffs, U.S. trade policy changes 2025, Impact of Trump's tariffs on global trade, Economic implications of new U.S. tariffs By analyzing this speech, we explore the potential ramifications of these policy changes on both the U.S. and global economies. If you are the owner of the original video and you want this video removed, please contact: [email protected] #gaming #vtuber #reaction