00:00Is the U.S. heading for a recession?
00:02The warning signs are flashing red.
00:04Wall Street is jittery and economists are sounding the alarm.
00:08Big names like J. Morgan and Moody's
00:10now say there's up to a 50% chance of a recession by 2025.
00:15So what's driving the fear?
00:17Donald Trump's aggressive tariff strategy
00:19is shaking global markets.
00:21His administration just slapped new tariffs
00:23on $9.5 trillion in global trade
00:26from European wine to Chinese steel.
00:29Treasury Secretary Scott Besant calls it a healthy correction,
00:32but others aren't buying it.
00:34Markets are tanking.
00:36The S&P 500, NASDAQ, and Dow all took a dive.
00:40Retaliation from Europe, China, and Canada is already underway.
00:45And the effects could be massive.
00:47Think rising prices, layoffs, and a possible trade war
00:50that could fracture global alliances.
00:53History offers a warning.
00:55The 1930s smooth poly tariffs
00:57worsened the Great Depression by slashing trade.
01:00Could we be repeating history?
01:02Is this bold strategy a masterstroke
01:04or the first domino in a global economic crash?
01:07Only time will tell.
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